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Question
Bob has been running the Handy Hardware Store for a few years now. As the business grew, he hired several mechanics who are now middle-aged and good at their jobs. Bob's son, Billy, is just out of college. Bob would like his son to take over the business, but is concerned that the middle-aged workforce might not receive the right guidance for the execution of the business from young Billy. He is also concerned about the displeasure the other employees might have at hiring Billy to run the business. If Bob hands over the business to inexperienced Billy in spite of having several well-qualified, deserving, and experienced successors among his other staff, his management philosophy would be an example of:A. meritocracy.
B. nepotism.
C. benchmarking.
D. hedonism.
Answer
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