Which of the Following Best Defines the General Electric Fastworks

question 33

Multiple Choice

Which of the following best defines the General Electric fastworks approach?

• A) It is based on incremental improvements to a dominant technological design such that the improved technology is fully backward compatible with the older technology.
• B) It is an approach to innovation that assumes that incremental innovation can be planned using a series of steps and that compressing those steps can speed innovation.
• C) It is a special kind of results-driven change that helps companies to improve results in an uncertain business environment by quickly experimenting with new ideas to solve customer problems.
• D) It is a philosophy and collection of planned change interventions designed to improve an organization's long-term health and performance.

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Definitions:

Brokerage Commission

The fee charged by a broker for executing transactions or providing specialized services.

Outdoor Parking

An area designated for the parking of vehicles that is not covered or enclosed, typically found outside of buildings or in open spaces.

Fences

Physical structures that are erected to enclose or divide areas of land, often considered as land improvements in an accounting context.

Depreciation

The process of allocating the cost of a tangible asset over its useful life, reflecting wear and tear over time.