Peregrine Exam Day 12 Questions and Verified Answers
Succession Planning - ✔✔the process of identifying and tracking high-potential employees
who will be
able to fill top management positions when they become vacant
organizational structure - ✔✔the ways in which power and authority are distributed within an
organization
contract labor system - ✔✔a system under which inmates' labor was sold on a contractual
basis to
private employers who provided the machinery and raw materials with which inmates made
salable
products in the institution
Delphi Technique - ✔✔A decision-making technique in which group members do not meet
face-to-face
but respond in writing to questions posed by the group leader.
Forecasting - ✔✔method for predicting how variables will change the future
Strategy Formulation Process - ✔✔1. identify company mission and goals
identify core competency and value-creating activities
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