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

question 323

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 these alternatives about GE's Planning Grid are true.

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Definitions:

Quality Failures

Occurrences when a product or service does not meet the established standards of quality.

Flowcharts

Graphic representations using symbols interconnected with lines to describe the steps in a process, decision-making pathways, or systems.

Quality Plan

A document detailing the specific quality practices, objectives, criteria, and the roles and responsibilities required to ensure the successful execution of a project or business process.

Repetitive Processes

Operations or series of tasks that are performed the same way repeatedly to produce an identical outcome each time.