Ventoso, Kim E.

June 30, 2021

BSTM 3A

ACTIVITY #8: MULTIPLE CHOICE: Encircle the letter of the best answer.

1. It is the manufacturing activities that start from transporting raw materials from plant storage
to a work area of the same plant to produce goods.

a. Batch production

b. Producing goods

c. Production process

d. Mass production

2. It is the production process that similar items or products are produced stage by stage. The
product goes through each stage of the process together.

a. Mass production

b. Batch production

c. Production management

d. Flow production

3. It is the production process wherein people involved in the production are highly skilled in
their field.

a. Batch production

b. Project or Job-based production

c. Mass production

d. Continuous production
4. This production process is used by companies that intended to create standardized products in
large quantities.

a. Mass production

b. Batch production

c. Flow production

d. Project or job-based production

5. Companies that have consistent products use this production process.

a. Continuous production

b. Batch production

c. Mass production

d. Project or job-based production

6. It concerns thinking in advance what product to be made, how many when to finish, and how
the product should be finished.

a. Production control

b. Quality control

c. Inventory control

d. Production planning

7. It is said to help minimize the cost of production and improve production productivity by
studying different types of methods and selecting the best one to suit the production of a product.

a. Method analysis

b. Inventory control

c. Quality control

d. Production planning
8. This ensures that the plan is strictly followed and successfully implemented.

a. Plant layout

b. Work measurement

c. Production planning

d. Production control

9. This is concerned about maintaining a quality product by controlling negative variables.

a. Quality control

b. Work measurement

c. Plant layout

d. Production planning

10. Its primary concern is with the internal set up of an enterprise in a proper manner.

a. Method analysis

b. Production control

c. Inventory control

d. Plant layout

11. These are the costs of raw materials or parts of materials that go directly into products'
production.

a. Direct labor

b. Direct material

c. Indirect materials

d. Indirect labor
12. These are materials used in the production process but are not directly traceable in the
product

a. Direct labor

b. Direct material

c. Indirect materials

d. Indirect labor

13. Is the labor of people who are indirectly involved in the production process.

a. Indirect labor

b. Indirect materials

c. Direct labor

d. Manufacturing overhead

14. These costs include direct costs that are factory related to producing a product. The cost of
machinery operation and the machine itself are included.

a. Direct material

b. Direct labor

c. Manufacturing overhead

d. None of the above

15. This refers to the labor or manpower needed in the production process.

a. Money

b. Men

c. Machines

d. Markets
ACTIVITY # 1 FINALS

Answer the following question on the space provided. State your point and reason in not less
than five (5) sentences. (30POINTS)

1. What do you understand by the word investment?

 An investment is a financial asset or object purchased with the expectation of
earning money or increasing in value in the future. An investment can be anything
that generates future income, such as bonds, equities, real estate property, or a
business,
2. Why would an investor be willing to take a greater risk?
 Each investor's risk profile is unique, and it impacts their willingness and ability
to take risks. Investors expect bigger profits as investment risks rise in general to
compensate for incurring such risks.
3. What are your financial goals? What are your plans to meet them?
 My initial goal is to complete my studies and find a career that will pay me well
and after that my financial objectives include owning a property, saving money
for emergencies and other critical uses, and feeling financially comfortable. In the
module, it is recommended that you engage in a long-term investment that will
allow you to spend your money in the future. Make sure that your financial goals
are always measurable if you want to attain them.
4. Is the Philippines a rich country? Expound your answer
 No, The Philippines had a sizable savings account prior to the outbreak. However,
this is insufficient to qualify the country as wealthy. The country remains
impoverished due to factors such as poverty and overpopulation. The Philippines,
on the other hand, has a wealth of culture, heritage, and human resources that no
amount of money can replace.
5. State some solutions on the 3 fundamental economic problems of the country.
 The possible solution for scarcity of every society is to reduce its wants because
of unlimited wants we can never eliminate scarcity and best way is to make use of
existing resources wisely. Unemployment is also a big problem in every country
 to reduce it the country should provide people with low-cost education facilities
because education is the only way to become capable enough for employment and
to reduce the age requirement and lastly to lessen the poverty, a country should
implement the gender equality, make education as a priority and increase
employment.
6. Explain one program of the government for the development of MSMEs.
 Negosyo Center. It is a government program that assists MSMEs in promoting
and facilitating their businesses. MSME's create job possibilities, which helps the
economy reduce unemployment. They assist small enterprises in broadening their
horizons. They contribute to the fight against poverty by creating work
possibilities.

POST- TEST

1. What are the 7 different government programs for MSMEs? NEGOSYO CENTER

2. PONDO SA PAGBABAGO AT PAG-ASENSO

3. KAPATID MENTRO ME PROGRAM

4. SHARED SERVICE FACILITIES

5. SMALL ENTREPRISE TECHNOLOGY UPGRADING PROGRAM

6. GO LOKAL

7. ONE TOWN ONE PRODUCT NEXT GEN

8. Government Agencies familiarization: LGU stands for? LOCAL GOVERNMENT UNIT

9. DTI – DEPARTMENT OF TRADE AND INDUSTRY

10. DOST – DEPARTMENT OF SCIENCE AND TECHNOLOGY

11. DOLE – DEPARTMENT OF LABOR AND EMPLOYMENT

12. DSWD – DEPARTMENT OF SOCIAL WELFARE AND DEVELOPMENT

13. Give the 2 Laws pertaining for MSMEs in the Philippines

- REPUBLIC ACT NO. 10644 “GO NEGOSYO ACT”

14. REPUBLIC ACT NO. 9501 “THE MAGNA CARTA FOR MICRO, SMALL, MEDIUM

ENTERPRISES”

15. HDMF is also known as? HOME DEVELOPMENT MUTUAL FUND