Margaret Is a 54-Year-Old Manager in the Client Support Services

question 59

Multiple Choice

Margaret is a 54-year-old manager in the client support services department of a heavy equipment manufacturer. She has been with the company throughout her career and has had a steady rise in the hierarchy through promotions. She has performed well in numerous training and development programs. Margaret currently meets performance expectations. In the judgment of Margaret's superiors, she has "topped out" and will not be qualified for further advancement. Which of the following statements is most appropriate for Margaret's situation?

• A) In the future, Margaret should be considered for lateral moves.
• B) Margaret should receive stretch assignments to bring out her latent potential.
• C) Since Margaret has no potential to advance, she should be encouraged to take phased retirement.
• D) Margaret should receive coaching and perhaps be moved to another organization.

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Definitions:

Total Liabilities

The aggregate of all debts and financial obligations owed by an entity to outside parties at a given point in time.

Total Equity

The value remaining in a company after all liabilities have been subtracted from assets, representing the ownership interest in the firm.

Total Assets

The sum of all resources owned by an entity, including cash, investments, equipment, and property, as recorded on the balance sheet.

Accounts

Accounts generally refer to the records of financial transactions and positions related to assets, liabilities, equity, revenues, and expenses.