What negative consequence might result if there is a delay in naming a successor when a key executive,such as a CEO,suddenly quits?
A)decreased operating performance for up to two years
B)increased recruitment and selection of middle managers
C)decreased opportunities for management development
D)increased likelihood that the successor will be a family member

Question

Quizplus · Accepted Answer

Delay in naming a successor after sudden quitting of a key executive such as a CEO can lead to decreased operating performance for up to two years. This is because the company may lack strong leadership, direction, and decision-making during the transition period, which can negatively impact its profitability and competitiveness.

What Negative Consequence Might Result If There Is a Delay