Provisions for the Establishment of Emergency Lines of Executive Succession

question 576

Multiple Choice

Provisions for the establishment of emergency lines of executive succession should be included in a company's emergency plans. Which of the following cannot be relied on as being valid in making decisions in this regard?

• A) The board of directors sets general policy.
• B) The board of directors is the entity legally responsible for corporate activity.
• C) The board of directors usually meets at stated times such as monthly or perhaps even only quarterly.
• D) Responsibility for day-to-day operations is vested in the officers.
• E) Generally speaking, state statutes usually vest specified functions in particular officers and usually set out in detail the duties of officers.

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Definitions:

Conflicting Loyalties

A situation in which an individual or group faces competing allegiances or commitments, potentially hindering decision-making or performance.

Functional Turf

The specific areas or domains within an organization where particular groups have control or specialized tasks.

Typology

A classification system based on types or categories, often used for understanding various phenomena or entities.

Identity-based

Relating to or based upon the characteristics, beliefs, or attributes that define or constitute a person's unique identity.