When the Top Management Team Is Homogeneous and a New

question 63

Multiple Choice

When the top management team is homogeneous and a new CEO is selected from inside the firm, it is:

• A) unlikely that the current strategy will change.
• B) likely that product innovation will continue.
• C) likely there will be a change in strategy.
• D) unlikely the new CEO will have a long tenure.

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Definitions:

Racial Composition

The makeup or distribution of different racial groups within a population or defined area.

Ethnic Composition

The makeup or distribution of various ethnic groups within a community, region, or country.

Marketspace

A digital or virtual environment where buying and selling activities occur, facilitated by information technology.

Electronic Commerce

Conducting transactions involving the exchange of goods and services or the movement of funds and data, chiefly over an electronic network like the internet.