The Vice President of Oreon Inc

question 37

Multiple Choice

The vice president of Oreon Inc., an international hotel chain, has declared his willingness to retire from his post.The top management of Oreon elects the current general manager of operations as the next vice-president.Following this, the manager is given adequate training and practical experience to make the transition smoother.This scenario illustrates the concept of _____.

• A) demand forecasting
• B) utility analysis
• C) a reduction strategy
• D) executive succession
• E) a stability strategy

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Definitions:

Cash Payments

Transactions where cash is exchanged for goods, services, or to settle an obligation.

Cash Dividends

A distribution of a portion of a company's earnings, decided by the board of directors, to a class of its shareholders in the form of cash.

Dividends Payable

This refers to the amount of declared dividends owed by a company to its shareholders but has not yet been paid out.

Stockholders

Individuals or entities that own shares in a corporation, giving them a partial ownership interest in the company.