GoGreen_Curriculum

61 Material for activities and assessment [Option 2] Pre-Quiz This questionnaire consists of 5 multiple-choice questions about the topic “opportunities for significant cost reductions”. Please circle ONLY ONE as the right answer to each question. Q1. Fixed costs are: A. Costs that do not change as the level of production increases or decreases. - CORRECT B. Costs that change as the level of production increases or decreases. Q2. Variable Costs are: A. Costs that do not change as the level of production increases or decreases. B. Costs that change as the level of production increases or decreases. - CORRECT Q3. What is cash flow? A. Money that an organisation has available to spend at the end of the trading period. B. A measurement of the amount of cash that a company spends and receives during a trading period. - CORRECT Q4. What is Lean Manufacturing? A. Supports the minimization of labour and material wastage whilst simultaneously maintaining and /or increasing production levels. - CORRECT B. An iterative approach to managing manufacturing plants. Q5. Economies of Scale: A. The capacity of a business to scale its business and all their debts. B. Cost reductions are achieved as production is scaled up. - CORRECT

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