Which of the Following Statements Is TRUE

question 22

Multiple Choice

Which of the following statements is TRUE?

• A) AMEX has learned that it is important to limit CEO involvement in management development because it limits the breadth of skills in the executive talent pool.
• B) The retirement of Baby Boomers will benefit organizations by opening up blockages in succession plans and allowing fresh talent to replace employees with outmoded skill sets.
• C) A high proportion of organizations are not prepared for sudden loss of organizational leaders either through their voluntary departure or death.
• D) The goal of talent management is to have a pipeline full of talented people who are being developed for future organizational needs.

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Definitions:

Diseconomies

Situations where economies of scale no longer function for a firm and higher production volumes lead to increased average costs.

Competitive Advantage

An edge a company has over its competitors, allowing it to generate greater sales or margins and retain more customers.

Shelf Space

The amount of area available for displaying products within a retail store, critical for product visibility and sales.

Different Scale

Often related to the concept of economies or diseconomies of scale, indicating variations in cost or production efficiency depending on the size of operations.