Succession Planning Is a Type of Management Development Program That

question 24

True/False

Succession planning is a type of management development program that focuses on planning and filling lower and middle-management positions.

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Definitions:

Microeconomic Theory

The study of individual, household, and firm behaviors in decision making and allocation of resources.

Emphasis

A special importance, value, or prominence given to something.

Good

An item, material, or product that satisfies a want or need; can be tangible (physical) or intangible (like a service).

Perceived Fairness

The subjective judgment by individuals about the fairness or equity of something, often in economic transactions or distributive justice.