Multiple choice

Directions: Read the following passage/information and answer the question that follows.

The unfortunate thing about corporates falling sick is that they fail to heed the warning signals. And it's far too late before they take steps to stem the tide. That's where the turnaround strategy comes in. It helps companies to reverse the wrong moves they may have taken so that they can bounce back into the black.

The turnaround strategy ______.

  1. is used at the lowest point of a business's existence

  2. does not refer to moves that immediately address an error in the system as it arises

  3. is a method of ensuring a business return to profitability after drastic measures

  4. is an often ignored strategy and comes in only as a last-ditch effort
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The turnaround strategy comes in when wrong steps have already affected the system. Therefore, it does not refer to moves that immediately address an error. Hence, (2) is the answer.

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