Module 1: The Organisation (2)

Which of the following is NOT listed as a resource in the provided material?

• Time

• Finances

• Physical materials

• Marketing

How can knowing the listed resources help you?

• By improving your social skills

• By enhancing your artistic abilities

• By helping with your improvement project

• By increasing your physical strength

Why is effectively managing resources important for companies?

• It helps companies reduce costs significantly.

• It helps companies more consistently deliver projects and services on time.

• It helps companies increase their market share.

• It helps companies improve employee satisfaction.

What is one benefit of better resource management mentioned in the text?

• It helps improve customer satisfaction.

• It helps improve insight into resource availability.

• It helps increase company profits.

• It helps reduce the need for new hires.

How does better resource management affect timeline projections?

• It makes them less accurate.

• It has no effect on them.

• It improves them.

• It makes them more complicated.

What is a characteristic of consumables?

• They are large, durable objects.

• They are bought, used up, and replaced repeatedly.

• They are used once and never replaced.

• They are never used.

How quickly are consumables typically used?

• Over several years

• Instantly, within a day, month, or year

• Never used

• Over a decade

Which of the following best describes consumables?

• Large machinery

• Small everyday objects

• Rare collectibles

• Permanent fixtures

Which of the following best describes non-consumable items?

• Items that you have an unlimited quantity of

• Items that you can reuse and last for longer than a month or year

• Items that are used up quickly and need frequent replacement

• Items that are disposable and single-use

What is procurement?

• The act of obtaining or buying goods and services

• The act of selling goods and services

• The act of storing goods and services

• The act of transporting goods and services