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- 1. Multiple Choice
It is the process of creating products and services to satisfy human needs and wants.
Procedure
Production
Project Proposal
Promotion
- 2. Multiple Choice
Production requires a set of input to be able to produce a set of outputs. Input means________.
Raw materials needed
Products produced
Procedures
Tools and equipment
- 3. Multiple Choice
The following are examples of material resources EXCEPT__________.
Macrame board
Pliers
Skill of workers
Tweezers
- 4. Multiple Choice
This is considered as the most valuable resource.
Financial Resource
Human resource
Informational resource
Material resource
- 5. Multiple Choice
Also called as a "statement of work" and is considered as prerequisite to achieve success in project making.
Budget
Objectives
Project proposal
Rationale
- 6. Multiple Choice
The following are parts of the cost of a product EXCEPT __________.
Direct labor
Direct materials
Inventory
Manufacturing overhead
- 7. Multiple Choice
It is the value placed on goods and services offered to the public.
Cost-oriented pricing
Place
Price
Promotion
- 8. Multiple Choice
Labor cost, transportation, and electricity used in the production are examples of ____________.
Cost
Cost of materials
Operational cost
Total cost
- 9. Multiple Choice
It is the series of activities involved in the final polishing of a product, such trimming, cleaning, varnishing or painting.
Assembly
Finishing
Inspection
Operation
- 10. Multiple Choice
It refers to the amount paid for labor cost, transportation, and electricity.
Added cost
Cost of materials
Operational cost
Other expenses
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