High School Problem Solving Quiz

Consulting is providing specialized advice to businesses to assist them in achieving organizational objectives.

• True

• False

MECE stands for Mutually Exclusive, Completely Exhaustive.

• True

• False

What are the two Cs of Problem Solving:

• Company

• Customer

• Cashflows

• Customer Service

Market research entails understanding the:

• Customer

• Competition

• Industry

• Market

• All of the above.

Dichotomous survey questions offer:

• One answer

• Two answers

• Ranged answers

• Four answers

Benchmarking is only concerned with the best performers in the same industry.

• True

• False

The most important factor for short-term demand consideration is Product Diversification.

• True

• False

Customer Preferences do not remain static in the long-term.

• True

• False

An Issue Tree can have multiple (more than 2) levels.

• True

• False

Issue Trees are used to identify:

• Root causes of an issue

• Solutions to an issue