A(n) ___ plan describes how the leadership transition and related financial matters will be handled when the time for changeover arrives.

A) change map
B) transition map
C) transformation plan
D) succession plan
E) operational plan

Succession Plan

A strategy for identifying and developing new leaders who can replace old leaders when they leave, retire, or die.

Leadership Transition

The process of handing over roles and responsibilities from one leader to another, often involving significant change and adaptation.

Financial Matters

Aspects or issues related to the management, investment, and expenditure of money.