All of the Following Are Correct About the Status of CEO

question 46

Multiple Choice

All of the following are correct about the status of CEO succession (Chapter 12 Strategic Focus) EXCEPT

• A) There is considerable CEO turnover in North American and European firms hence the need for succession plans.
• B) IBM has a succession plan for CEO Sam Palmisano.
• C) Most formal succession plans call for the use of executive search firms.
• D) Over 90% of firms have succession plans.

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Definitions:

Debug

The process of identifying, analyzing, and removing errors or bugs from computer software or hardware.

Prototype

An early sample, model, or release of a product built to test a concept or process or to act as a thing to be replicated or learned from.

Intuitive Decision Making

A decision-making process that relies on subconscious processes and personal instincts rather than analytical reasoning.

Whistle-Blowers

Employees or individuals who expose illegal, unethical, or improper conduct within organizations, often facing significant personal and professional risks.