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.

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Definitions:

Various Accounts

Different types of accounts managed within accounting, including assets, liabilities, equity, expenses, and revenue accounts.

Petty Cash Fund

A petty cash fund is a small amount of cash on hand used for paying expenses too small to merit writing a check.

Cash Short

A situation where the actual cash on hand is less than the expected amount, usually identified during cash reconciliation.

Journal Entry

An entry made in a journal that records a specific financial transaction, including amounts, accounts affected, and a description.