Which of the Following Is NOT a Benefit to the Firm

question 67

Multiple Choice

Which of the following is NOT a benefit to the firm using the internal labor market to select a new CEO?

• A) Internal hiring results in an increased level of innovation.
• B) Insiders are familiar with the firm's products, markets, technologies, and operating procedures.
• C) Use of the internal labor market reduces turnover among existing employees.
• D) Insiders are more familiar with a firm's operating procedures.

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Definitions:

Slippery Slope Theory

A logical argument suggesting that a minor action will lead to a chain of related and increasingly significant events, often resulting in a negative outcome.

Police Corruption

Unethical or illegal conduct by law enforcement officers, often involving bribery, extortion, or the misuse of power.

Occupational Groups

Categories or clusters of jobs that share similar tasks, duties, or functions within the workforce.

Institution

An established organization, especially one of public importance, or a system of rules and norms governing behavior within a community.