Which Is Considered a Deep-Seated Development Error in Succession Plans

question 11

Multiple Choice

Which is considered a deep-seated development error in succession plans?

• A) Using the skills required to select high potential employees.
• B) The use of a consistent, integrated system for talent management.
• C) Human Resources focusing too much attention on input and not enough on output.
• D) Leaders updating their skills rapidly to keep up with industry changes.

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Definitions:

Quantity Theory

A theory in economics that addresses the relationship between the amount of money in an economy and the level of economic activity, asserting that the general price level of goods and services is directly proportional to the amount of money in circulation.

Real Interest Rates

An interest rate that's corrected for inflation to show the genuine cost of borrowing or the authentic return on savings.

Money Supply

The total capital available in an economy at a given moment, which includes cash, coins, and the money held in checking and savings accounts.

Value of Money

The purchasing power of money, indicating how much goods or services one unit of money can buy.