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Travis and Chris are both high school teachers, but they also have summer jobs. They create patios and walkways with brick pavers. Travis works in the summer because he likes to be outside and enjoys creating artistic patios for others. Chris works during the summer because he wants the extra money. Based on this scenario, which of the following statements is true?
Technological Change
The innovation or adoption of new technologies and the impact they have on societies, markets, and industries.
Chief Executive
The highest-ranking officer in an organization, responsible for making overarching decisions and setting strategic directions.
CEO Succession
The process of transitioning leadership from a current Chief Executive Officer to a successor, often involving strategic planning and consideration.
External Monitoring
The process of observing and analyzing actions, transactions, or conditions outside of an organization to assess risk, compliance, or market opportunities.
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