An Illiquid Asset

question 68

Multiple Choice

An illiquid asset:

• A) cannot be sold.
• B) provides the owner no return or income.
• C) is a tangible asset.
• D) cannot quickly be converted into cash with little loss of value.

Recognize the significance of continuous improvement and its application in organizations.

Describe the role of technology in improving operation quality and efficiency.

Understand the concept of organisational subcultures and the factors that contribute to their formation.

Identify the benefits of lean production and agile manufacturing in modern business practices.

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Definitions:

Visceral Reaction

An instinctive, gut feeling or reaction, not influenced by logical reasoning or analysis.

Cognitive Interpretation

The process by which an individual perceives, organizes, and interprets their thoughts and surroundings.

Congenitally Blind Children

Children who are born without the ability to see, resulting from genetic conditions, in utero development issues, or injuries at birth.

Emotional Expressions

Observable manifestations of one's emotional state, including facial expressions, body language, and vocal tones.