Using General Electric's "Strategic Planning Grid," an Opportunity Rated "Medium

question 345

Multiple Choice

Using General Electric's "strategic planning grid," an opportunity rated "medium" in terms of industry attractiveness and "high" in terms of business strengths would be evaluated as:

• A) yellow-borderline.
• B) red-for no growth.
• C) green-for growth.
• D) could be yellow, red, or green-because the grid suggests that opportunities with medium ratings need more analysis.

Appreciate the significance of consciousness and its purpose as viewed within different psychological perspectives.

Understand the concept of learning through behaviour modification and the role of environmental stimuli.

Describe the theoretical basis and scientific approach of behaviourism.

Recognize the methodological implications of studying observable behaviour versus internal states in psychological research.

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Definitions:

Compensating Differences

Wage differentials that compensate employees for the desirability or undesirability of a job due to various factors, such as risk, effort, or location.

Age-Earnings Data

Information that correlates individuals' ages with their earnings to analyze economic patterns.

Higher-Educated Workers

Employees who have completed advanced levels of formal education, typically resulting in higher skill levels and wages.

Market Imperfection

Any deviation from the ideal conditions of a fully competitive market, which may lead to inefficient market outcomes.