Because GE Operates in Many Businesses, Ranging from Aircraft Engines

question 33

Multiple Choice

 Because GE operates in many businesses, ranging from aircraft engines to healthcare imaging, GE would

• A) not be able to use the balanced scorecard.
• B) have to adopt a common strategy for all businesses to be able to use the balanced scorecard.
• C) need to create a unique balanced scorecard for each of its business units.
• D) have to choose one business unit with which it could use the balanced scorecard.

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Definitions:

Price of X

The specific cost associated with acquiring good or service X, subject to market conditions and demand.

Price of Y

Refers to the cost associated with acquiring or purchasing a specific good or service, denoted as "Y."

Budget Constraint

A financial limitation that defines the combination of goods and services an individual can afford to purchase given their income and the prices of those goods and services.

Income

The financial gain acquired by an individual or a company, which is typically calculated on an annual basis and obtained through work, investments, or business operations.