100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
MHA 702 Chapter 10-12 Questions And Answers 100% Guaranteed Success. $13.49   Add to cart

Exam (elaborations)

MHA 702 Chapter 10-12 Questions And Answers 100% Guaranteed Success.

 1 view  0 purchase
  • Course
  • MHA 702 Chapter 10-12
  • Institution
  • MHA 702 Chapter 10-12

MHA 702 Chapter 10-12 Questions And Answers 100% Guaranteed Success. A key difference between succession and career planning is the number of individuals involved in the future plan. - correct answer. True Succession planning is only useful for CEO positions. - correct answer. Fal...

[Show more]

Preview 2 out of 7  pages

  • September 26, 2024
  • 7
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • MHA 702 Chapter 10-12
  • MHA 702 Chapter 10-12
avatar-seller
techgrades
MHA 702 Chapter 10-12 Questions And
Answers 100% Guaranteed Success.

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

Succession planning is only useful for CEO positions. - correct answer. False

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

Grooming an internal person to take over has traditionally been considered a key
element of not-for-profit sector succession planning. - correct answer. 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. - correct
answer. True

Feedback loops in succession planning are optional. - correct answer. False

A successor should always be available, being groomed and ready to step in. - correct
answer. 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. - correct answer. False

A clear exit strategy should be developed for an outgoing CEO. - correct answer. True

Developing a succession plan requires time and thought and is a daunting task. -
correct answer. 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. - correct answer. 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. - correct answer. 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 - correct answer. Grooming a
successor is costly to an organization

Which of the following should receive a low level of consideration in succession
planning?

A. Inside candidates may have connections to social networks and psychological ties
within an organization that can complicate efforts to change organizational culture if
changes are needed.

B. Inside candidates may have inappropriate or limited experiences.

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 techgrades. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $13.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

81989 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
$13.49
  • (0)
  Add to cart