Evaluation: Direction: Study the following items carefully. Choose the correct answer then write it on your answer sheet. 1. Which of the following is to be considered by a company to maximize productivity, and to have a sound production? a. Cost b. Earned c. Plan d. Revenue 2. The following are importance of production plan, except one. a. Reduced labor costs by eliminating wasted time and improving process flow. b. Reduced inventory costs by decreasing the need for safety stocks and excessive work-in- process inventories, c. Optimized equipment usage and increased capacity. d. Improved the air quality index 3. Which of the following best describe this statement: "Effective planning is a complex process that covers a wide variety of activities to ensure that materials, equipment, and human resources are available when and where they are needed". b. False d. Extreme 4. To evaluate whether you are ready for production or to offer the service, you will need to determine the following, except one. a, resources b. staff c, measurement d. machine 5. Which of the following covers the Forecast Market Expectations, Inventory Control, Availability of Equipment and Human Resources? a. Revenue matters c. Expandable spending b. Dynamic producer d. Key factors in production plan a. True c. Bias​