Which of the Following Best Summarizes the Peter Principle

question 25

Multiple Choice

Which of the following best summarizes the Peter Principle?

• A)Firms often promote competent employees to levels beyond their abilities.
• B)Promotion decisions should stem from talent management activities.
• C)Firms should promote employees exclusively on past accomplishments.
• D)Women are more likely to be promoted if they have mentor/sponsors.

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Definitions:

Transfer Agents

Entities responsible for maintaining records of a company's securities owners, handling transfers of stock or bonds, and managing lost, destroyed, or stolen certificates.

Preferred Stockholders

Investors who own shares that give them priority for dividend payments and assets in the event of a company's liquidation.

Current-Year Dividends

Dividends that are declared and paid to shareholders from the profits made by the company within the current fiscal year.

Common Stockholders

Common stockholders are individuals or entities that own shares of common stock in a company, granting them rights to vote on corporate matters and receive dividends.