FREE TMA Introduction to Business Questions and Answers

Question 1

It is via business —— that novel concepts and inventive ideas are given expression and developed into beneficial goods and services.

Accepted Answer

Goals

Answer

Strategies

Answer

Plans

Answer

Policy

Question 2

Organizations can greatly benefit from strategies for ----

Accepted Answer

All of these

Answer

Guiding

Answer

Control

Answer

Planning

Question 3

The organization ------ is what holds managers together and facilitates more coordination & adjustment in their job.

Accepted Answer

Structure

Answer

Practice

Answer

Plan

Answer

Policy

Question 4

Research is conducted, and product marketing and advertising are coordinated by the ---- function.

Accepted Answer

Marketing

Answer

Sales

Answer

Finance

Answer

Production

Question 5

Numerous companies falter because of ----

Accepted Answer

All of these

Answer

Falling sales

Answer

Declining demand

Answer

Declining profits

Question 6

The goal of turnaround management is to ——

Accepted Answer

All of these

Answer

Remove various weaknesses

Answer

Make business profit making

Answer

Make Business unit strong and stable

Question 7

The process of turning around the company's financial situation is known as ——.

Accepted Answer

Turnaround management

Answer

Strategic management

Answer

Human management

Answer

Innovation

Question 8

Dam construction is under the ------ industry.

Accepted Answer

None of these

Answer

Primary

Answer

Tertiary

Answer

Secondary

Question 9

---- happens when a firm takes over a function that was previously handled by a distributor or supplier in an effort to cut expenses, preserve input quality, and regain control over limited resources.

Accepted Answer

Vertical growth

Answer

Independent Growth

Answer

Horizontal Growth

Answer

Parallel Growth

Question 10

The following are examples of vertical growth: -----.

Accepted Answer

Both Backward integration and Forward integration

Answer

Forward integration

Answer

Backward integration

Answer

None of these