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

Naming a Successor

The process of identifying and appointing an individual to take over a role or position after the current holder leaves or retires.

Key Executive

A high-ranking individual in a company who has significant responsibility for managing an essential part of the business.

Operating Performance

An analysis of a company's efficiency and effectiveness in managing its resources and operations, often assessed through metrics like return on investment, profit margins, and productivity levels.