It Is Important for in Incoming CEO to Be Intimately

question 1

Multiple Choice

It is important for in incoming CEO to be intimately familiar with the culture of the organization he/she is joining because:

• A)Culture is a vital lever that the CEO can manipulate
• B)Top management initiatives that conflict with the culture of the organization are likely to fail
• C)A critical task for a new CEO is to adapt the organization's culture to the strategy that the CEO wishes to pursue
• D)The fact that "Culture eats strategy for lunch" means that managing culture is a more important task for a CEO than managing strategy

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Definitions:

Duress

Compulsion, force, or pressure to perform an act or make a decision against one's will.

Transfer

The act of moving or conveying property, title, or rights from one entity or person to another.

Negotiable Instrument

A document in writing that ensures the payment of a certain sum of money, either when requested or at a predetermined date, with the document explicitly naming the individual responsible for payment.

Holder in Due Course

A party who has acquired a negotiable instrument in good faith and for value, and thus has certain protections against defects in the instrument and previous parties.