All of the Following Are Key Steps to Take to Avoid

question 4

Multiple Choice

All of the following are key steps to take to avoid a future crisis in leadership succession EXCEPT:

• A) focus on an organization's future needs,not past accomplishments.
• B) ensure that the CEO understands the importance of the task and makes it a priority.
• C) provide broad exposure.
• D) discourage differences of opinion.

Recognize the trade-offs involved in short-term financial decision-making, including the balance between carrying costs and shortage costs.

Assess the implications of changes in short-term financial policies on a company's risk profile and liquidity.

Analyze the effects of cash flow movements and financing decisions on the firm's financial condition.

Understand the concept and implications of risk in finance.