All of the Following Are Common Mistakes in Succession Planning

question 17

Multiple Choice

All of the following are common mistakes in succession planning EXCEPT

• A) focusing succession planning only on the CEO and top executives.
• B) relying excessively on hiring external candidates.
• C) allowing the CEO to make all succession plan decisions.
• D) not linking succession planning to strategic plans.

---

Definitions:

Benefit Packages

A collection of non-wage compensations provided to employees in addition to their normal salaries or wages.

Non-contributory Plan

A benefits arrangement where only the employer bears the cost of premiums, requiring no monetary contribution from employees.

Contributory Plan

A retirement or insurance plan where both the employer and employees contribute to the fund.

Registered Retirement Savings Plans

Tax-advantaged savings accounts in Canada designed to help individuals save for their retirement.