Can-Do Enterprises Suffered a Shock When George White, Its President

question 53

Multiple Choice

Can-Do Enterprises suffered a shock when George White, its president and CEO, was killed while skiing in Chile. Nevertheless, the organization was able to continue operations smoothly. Which of the following was most likely the reason for the smooth transition?

• A)succession planning
• B)organizational chart
• C)delegation strategy
• D)executive life insurance

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Definitions:

Commercial Speech

A type of speech that involves the marketing of services or products. It is protected under the First Amendment but subject to more regulations than private speech.

Central Hudson

Refers to the Central Hudson Gas & Electric Corp. v. Public Service Commission, a 1980 United States Supreme Court decision that established a test for determining when government restrictions on commercial speech violate the First Amendment.

First Amendment

A provision in the United States Constitution that prohibits the government from interfering with freedom of speech, religion, assembly, and the press.

Central Hudson

Refers to a legal test used in the United States to determine when the government can legitimately regulate commercial speech.