Closet Test - Section 3
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The principal advantage in having a clear cut objective of business is that it does not derail; the enterprise does not stray ...(1)... the direct route that it has set for ...(2)... Enterprises with well defined objectives can conveniently undertake ...(3)... and follow long range development policies. Recognition of objectives ...(4)... the temptation to compromise long range ...(5)... for short term gains and improves coordination in work and consistency in policy.
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1. Others is plural and enterprises is also therefor it does not.
2. Industry and enterprises are synonyms.
3. Government may be occur but above paragraph is not about govt enterprises.
Itself used because its in possessive case.
Production - It is something enterprise do to make money.
Appraisal - Enterprise does an appraisal to celebrate or appreciate the work at end of work. (They call it Appraisal Cycle).
Research - It means they think and work on future plans and applies to the enterprise.
Audit - It is an inspection or observation of past performance (Generally finance).
So according to all definitions, answer is "production".
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