Pre-Test: Production of Goods

What is production?

• The process of creating goods and services

• Managing financial losses

• Distributing goods to customers

• Pagpeprepare sa TikTok live selling

Which is a factor of production?

• Wifi

• Labor

• Transport system

• Marketing strategy

Which is NOT a factor of production?

• Land

• Capital

• Yung emotional support mo sa business

• Labor

What is capital in production?

• Pambili ng milk tea during meetings

• Money and equipment used for production

• Workers and their skills

• Land area for operations

What is the cost of production?

• Salary of investors

• The total expense of making goods

• Gastos mo sa date na hindi mo naman jowa

• Potential profit

A fixed cost is:

• Cost that changes daily

• 'Yung iniwan pero ikaw pa rin ang gumagastos

• A cost that stays the same regardless of output

• Monthly discount

Variable costs are:

• Always stable

• Costs that vary with production level

• Depende sa mood ng supplier kung tataas presyo

• Monthly rent

An example of direct cost is:

• Raw materials used in making the product

• Office Wi-Fi

• Utility bills

• Pambili ng tropang pancit canton

What does quality production mean?

• Producing quantity over quality

• Basta mabenta, bahala na sa tibay

• Using defective materials

• Meeting standards and customer expectations

Why is production planning necessary?

• To ensure smooth operations and reduce waste

• Para hindi maubusan ng rice sa karinderya

• To guess production amounts

• To increase disorganization