What Did a Study of 173 Firms Over a 25-Year

question 96

Multiple Choice

What did a study of 173 firms over a 25-year period reveal about CEOs of successful corporations?

• A)They tended to have less loyalty than former CEOs, switching companies as a faster pace.
• B)They tended to have the same functional specialization as the former CEO.
• C)They tended to be more aggressive in their risk-taking than former CEOs.
• D)They tended to rely more on skills developed through group decision making.
• E)They tended to be turnaround specialists.

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Definitions:

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Operational Efficiency

The ability of an organization to minimize waste and maximize output with the least input of resources like time, money, and labor.

Public-Sector Managers

Individuals who oversee and lead government agencies, departments, or publicly owned corporations, ensuring the delivery of public services efficiently and effectively.

Bankruptcy

A legal process through which individuals or businesses unable to meet their financial obligations can seek relief from some or all of their debts.