Matching Definitions

(46) What does the term “Supply Chain Management” refer to in the field of business?

• (a) The oversight and optimization of all processes and activities involved in the sourcing, procurement, production, and distribution of goods and services.
• (b) The total assets owned by an individual or company.
• (c) The process of merging two or more companies.
• (d) The calculation of a company’s net worth.

Answer

Correct Answer: (a) The oversight and optimization of all processes and activities involved in the sourcing, procurement, production, and distribution of goods and services.
Supply Chain Management in the field of business refers to the oversight and optimization of all processes and activities involved in the sourcing, procurement, production, and distribution of goods and services to meet customer demands efficiently.

(47) What is the definition of “Monopoly” in economics?

• (a) A market structure where a single seller or producer dominates and controls the entire supply of a product or service, often leading to limited competition.
• (b) The total revenue generated by a company.
• (c) The process of merging two or more companies.
• (d) The calculation of a company’s net worth.

Answer

Correct Answer: (a) A market structure where a single seller or producer dominates and controls the entire supply of a product or service, often leading to limited competition.
Monopoly in economics refers to a market structure where a single seller or producer dominates and controls the entire supply of a product or service, often resulting in limited competition and the ability to set prices.

(48) What does the term “Return on Investment (ROI)” mean in finance?

• (a) A measure of the profitability of an investment, calculated as the net gain or loss relative to the initial investment amount.
• (b) The total assets owned by an individual or company.
• (c) The process of merging two or more companies.
• (d) The calculation of a company’s net worth.

Answer

Correct Answer: (a) A measure of the profitability of an investment, calculated as the net gain or loss relative to the initial investment amount.
Return on Investment (ROI) in finance is a measure of the profitability of an investment, calculated as the net gain or loss relative to the initial investment amount, expressed as a percentage.

(49) What is the definition of “Market Research” in business and marketing?

• (a) The systematic process of gathering, analyzing, and interpreting data and information about a market, including consumer preferences, trends, and competitive analysis.
• (b) The total revenue generated by a company.
• (c) The process of merging two or more companies.
• (d) The calculation of a company’s net worth.

Answer

Correct Answer: (a) The systematic process of gathering, analyzing, and interpreting data and information about a market, including consumer preferences, trends, and competitive analysis.
Market Research in business and marketing is the systematic process of gathering, analyzing, and interpreting data and information about a market, including consumer preferences, trends, and competitive analysis to inform business decisions.

(50) What does the term “Liquidation” mean in the context of business and finance?

• (a) The process of selling off a company’s assets to pay its debts and distribute remaining funds to stakeholders when the company is unable to continue its operations.
• (b) The total revenue generated by a company.
• (c) The process of merging two or more companies.
• (d) The calculation of a company’s net worth.

Answer

Correct Answer: (a) The process of selling off a company’s assets to pay its debts and distribute remaining funds to stakeholders when the company is unable to continue its operations.
Liquidation in the context of business and finance refers to the process of selling off a company’s assets to pay its debts and distribute remaining funds to stakeholders when the company is unable to continue its operations.