In Succession Planning, Focusing on Fast Track Managers Is a Good

question 28

Multiple Choice

In succession planning, focusing on fast track managers is a good approach because:

• A) fast trackers are known to have skills associated with future performance
• B) fast trackers have passed all of the written and behavioral tests
• C) fast trackers are committed to staying with the company who invests in them
• D) fast trackers come from the outside so they have fresh ideas
• E) none of the above

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Definitions:

Days' Sales Uncollected

A financial metric that measures how long it takes, on average, for a company to collect cash from its credit sales.

Profit Margin

A financial metric that measures the amount of net income earned with each dollar of sales generated by comparing the profit and the revenue.

Total Asset Turnover

A financial measure that calculates the ability of a company to turn its assets into sales revenue.

Return On Total Assets

A financial ratio that measures a company's ability to generate profit from its assets.