100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
MHA 702 Chapter 10-12: Questions & Solutions $9.99   Add to cart

Exam (elaborations)

MHA 702 Chapter 10-12: Questions & Solutions

 29 views  2 purchases
  • Course
  • Institution

MHA 702 Chapter 10-12: Questions & Solutions

Preview 2 out of 9  pages

  • February 9, 2024
  • 9
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers
avatar-seller
MHA 702 Chapter 10-12: Questions & Solutions

A key difference between succession and career planning is the number of
individuals involved in the future plan. ✔️Ans - True

Succession planning is only useful for CEO positions. ✔️Ans - False

Experts recommend that succession planning should begin four years
before a CEO is expected to step down. ✔️Ans - True

Grooming an internal person to take over has traditionally been considered
a key element of not-for-profit sector succession planning. ✔️Ans - False

Organizations that hire a CEO from the outside usually require six to 12
months before financial performance regains the level that existed prior to
the replacement. ✔️Ans - True

Feedback loops in succession planning are optional. ✔️Ans - False

A successor should always be available, being groomed and ready to step
in. ✔️Ans - True

Succession planning should begin to identify a successor shortly before the
potential successor is set to take over to allow opportunities for significant
developmental assignments. ✔️Ans - False

A clear exit strategy should be developed for an outgoing CEO. ✔️Ans -
True

Developing a succession plan requires time and thought and is a daunting
task. ✔️Ans - False

Which of the following is least accurate regarding succession planning?

A. Where a successor is not immediately apparent, uneasiness is intensified
and may negatively affect organizational performance.

, B. Organizations without succession plans are essentially leaving the
development of their future leaders to chance.

C. Considerable time and effort may be required for outside persons to
understand organizations.

D. Organizations without succession plans are more likely to have
smoother leadership transitions. ✔️Ans - Organizations without
succession plans are more likely to have smoother leadership transitions.

Which of the following statements would be a surprise instruction in
succession planning?

A. CEO succession planning should be a board-driven, collaborative
process.

B. Succession planning should be one of the governing board's two or three
most important tasks.

C. The governing board and CEO should not discuss the process.

D. Any agreements or promises the board makes must be communicated to
the succeeding board leadership and honored. ✔️Ans - The governing
board and CEO should not discuss the process.

Which is least common in grooming a successor?

A. Developmental tasks should be sufficiently diverse to expose the
successor to the entire organization and its departments and operations.

B. Grooming an inside person helps an organization ensure that
institutional memories will be preserved.

C. CEOs who have personally experienced being groomed support this
process.

D. Grooming a successor is costly to an organization ✔️Ans - Grooming a
successor is costly to an organization

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller Studyhall. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $9.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

72349 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$9.99  2x  sold
  • (0)
  Add to cart