TQM is a strategy that is designed to change the quality of a product to satisfy customer needs by using the concept of _________:

by
A. benchmarking
B. brainstorming
C. reverse brainstorming
D. product maintenance
✅ The correct answer is option A.
TQM is a strategy that is designed to change the quality of a product to satisfy customer needs by using the concept of benchmarking. Benchmarking, is a tool of strategic management, that allows the organization to set goals and measure productivity, on the basis of the best industry practices. It is a practice in which quality level is used as a point of reference to evaluate things by making a comparison.

Google are using information technology to pursue this generic strategy of ____________.

by
A. Low-cost leadership
B. Product differentiation
C. Focus on market niche
D. Strengthening customer and supplier intimacy
✅ The correct answer is option B.
Google are using information technology to pursue this generic strategy of Product differentiation. Product differentiation (or just differentiation) is a marketing process of differentiating an offering (product or service) from others in the market.

Bonds issued by corporations for relatively longer term are classified as

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A. long term bonds
B. short term bonds
C. corporate bonds
D. Federal Reserve bonds
✅ The correct answer is option C.
Bonds issued by corporations for relatively longer term are classified as corporate bonds. A corporate bond is a debt security issued by a corporation and sold to investors. The backing for the bond is usually the payment ability of the company, which is typically money to be earned from future operations. In some cases, the company’s physical assets may be used as collateral for bonds.

An approach is used to manage unused capacity is

by
A. reengineering
B. downsizing
C. upgrading
D. none of above
✅ The correct answer is option B.
An approach is used to manage unused capacity is downsizing. Downsizing (also called rightsizing) is an integrated approach configuring processes, products, and people to match costs to the activities that need to be performed to operate effectively and efficiently in the present and future. Downsizing is an attempt to eliminate unused capacity.

Mortgages used to purchase townhouses and apartment complexes are classified as

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A. multi mortgage
B. multifamily dwelling mortgages
C. sovereign dwelling mortgages
D. primary dwelling mortgages
✅ The correct answer is option B.
Mortgages used to purchase townhouses and apartment complexes are classified as multifamily dwelling mortgages. A mortgage is a loan from a bank or a financial institution that helps the borrower purchase a house. A mortgage is secured by the home itself, so if the borrower defaults on the loan, the bank can sell the home and recoup its losses.

Operations Research techniques helps the directing authority in optimum allocation of various limited resources, such as ______________.

by
A. Men and Machine
B. Money
C. Material and Time
D. All of the above
✅ The correct answer is option D.
Operations Research techniques helps the directing authority in optimum allocation of various limited resources, such as Men and Machine, Money and Material and Time.

More instability in currency is called as

by
A. country risk
B. financial risk
C. currency risk
D. liquidity risk
✅ The correct answer is option C.
More instability in currency is called as currency risk. Currency Risk, sometimes referred to as exchange rate risk, is the possibility that currency depreciation will negatively affect the value of one’s assets, investments, and their related interest and dividend payment streams, especially those securities denominated in foreign currency.

Curve representing demand of funds shifts to left if economic growth in

by
A. global market is stagnant
B. global market is not stagnant
C. domestic market is stagnant
D. domestic market is not stagnant
✅ The correct answer is option C.
Curve representing demand of funds shifts to left if economic growth in domestic market is stagnant. The demand curve is a representation of the correlation between the price of a good or service and the amount demanded for a period of time.