The First Step in the Succession Planning Process Is To_____

question 66

Multiple Choice

The first step in the succession planning process is to_____.

• A) assess key talent
• B) follow development practices
• C) integrate with strategy
• D) involve top management

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Definitions:

Efficient Outcomes

Results or end-states that achieve the maximum benefit or utility with the minimal waste of resources.

Economy

The system of production, distribution, and consumption of goods and services in a particular geographic area.

Unemployment

The condition of being without a job, while actively searching for employment.

Production Possibilities Frontier

A curve depicting all maximum output possibilities for two or more goods given a set of inputs.