The Ongoing Process of Systematically Identifying,assessing,and Developing Organizational Leadership to Enhance

question 44

Multiple Choice

The ongoing process of systematically identifying,assessing,and developing organizational leadership to enhance performance is known as ________.

• A) action learning
• B) employee mentoring
• C) succession planning
• D) work sampling
• E) employee recruiting

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Definitions:

Agency Problems

Conflicts of interest that arise when there's a separation between the management of a company and its owners.

Corporation

A legal entity that is separate from its owners, with the ability to own assets, incur liabilities, and conduct business.

Unlimited Liability

A legal structure in which the owners are personally liable for all the debts and liabilities of the business, without any limit.

General Partnership

A business arrangement where two or more individuals agree to share in all assets, profits, and financial and legal liabilities of a jointly-owned business.