GE's Planning Grid Approach to Evaluating Proposed and Existing Plans

question 67

Multiple Choice

GE's Planning Grid approach to evaluating proposed and existing plans and businesses:

• A) considers how profitable opportunities are likely to be.
• B) reflects the corporation's objectives.
• C) helps managers see why some ideas are supported and others are not.
• D) can use quantitative data but it is basically a qualitative approach.
• E) All of the above are true.

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Definitions:

Standard of Living

The level of wealth, comfort, material goods, and necessities available to a certain socioeconomic class or geographic area.

Recognition

The act of acknowledging or rewarding a person's achievements, qualities, or skills.

Maslow's Need Hierarchy

A psychological theory proposed by Abraham Maslow that categorizes human needs into a five-tier model, in ascending order from basic to more complex needs.

Productivity

The measure of efficiency of a person, machine, system, etc., in converting inputs into useful outputs.