Post-Quiz This final questionnaire consists of 5 multiple-choice questions about the topic “Basic Economics and Finance”. Please circle ONLY ONE as the right answer to each question. Q1. True or False: Cost Reduction by Design can help to mitigate ecological damage. A. True - CORRECT B. False Q2. Just-in-Time manufacturing supports ____ lead times: A. Short- CORRECT B. Long Q3. How many pillars are there in the Lean House? A. 5 B. 6 - CORRECT Q4. What are the benefits of standardisation in ensuring cost reduction on a global scale? A. Standardisation enables organisations to buy in bulk and reduce the unit price of a product. CORRECT B. Standardisation reduces the overall quality of a good or service. Q5. Which is a common example of a liquidity challenge faced by an organisation. A. Not being able to quickly transfer tangible assets into cash. - CORRECT B. Not being able to buy stock.
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