LSUS HR EXAM 3 QUESTIONS AND ANSWERS 2025/2026

LSUS HR EXAM 3 QUESTIONS AND ANSWERS 2025/2026 Succession plans for middle managers are often more accurately described by the term - answer-Career Planning What is the key difference between succession and career planning? - answer-Focus A substantial number of senior organizational leaders are expected to retire over the next how many years? - answer-5-10 years Organizations with succession plans are more likely to have smoother leadership transitions (t/f) - answer-True What may be required for outside persons to understand organizations when trying to be hired in? - answer-Considerable time and effort Who is responsible for initiating succession planning? - answer-The current CEO Who is responsible for appointing a successor? - answer-The Board of Directors How long before should succession planning begin before a CEO is expected to step down? - answer-4 years HR selects the new CEO and has the responsibility for managing the succession planning process? (t/f) - answer-False, they only are responsible for managing the succession planning process. Over the long term, how will succession planning save organizations money: - answer--Executive search fees can be eliminated (often 50% of the new CEOs salary)What does an org maintain when an inside person is groomed and promoted? - answer-leadership continuity What has traditionally been considered a key element of for-profit sector succession planning? - answerGrooming an internal person to take over