Which of the Following Is NOT Likely to Encourage Change

question 41

Multiple Choice

Which of the following is NOT likely to encourage change in a firm's strategy?

• A) A new CEO from outside the firm
• B) A homogeneous top management team
• C) A top management team with managers from different functional backgrounds
• D) A new CEO from outside the industry

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Definitions:

Debit

A bookkeeping entry that increases the balance of asset and expense accounts, and decreases equity, liability, and revenue accounts.

Partnership Liquidation

The process of closing down a partnership by selling off assets, paying liabilities, and distributing the remaining assets to the partners.

Incorrect Step

A step in a process or procedure that has been performed wrongly, often leading to errors or undesired outcomes.

Capital Account

An account recording the capital contributions of owners and investors, along with retained earnings and long-term debt.