The CEO/chairman of PharmaPacifica Was Recently Killed in an Airplane

question 105

Multiple Choice

The CEO/chairman of PharmaPacifica was recently killed in an airplane crash.This tragedy has thrown PharmaPacifica into turmoil as there is no one in the organization qualified to step into the former CEO's shoes.This is an example of:

• A) a failure of succession management.
• B) managerial hubris.
• C) the risk inherent in CEO duality.
• D) excessive reliance on the internal managerial labor market.

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Definitions:

Foreign Banks

Banks that are based in a country different from where they provide services or conduct operations.

Direct Quote

A direct quote is a representation of the cost of one currency in terms of another currency.

British Pound

The currency of the United Kingdom, which is one of the world's major currencies, traded extensively in the foreign exchange markets.

Eurodollar Market

A market for US dollars deposited in banks outside the United States, particularly used for lending and borrowing between banks internationally.