2. According to the Law of Diminishing Returns, what happens as you increase the amount of one input factor while holding all other factors constant? a) Output increases at a decreasing rate b) Output decreases at a decreasing rate c) Output remains constant d) Output increases at an increasing rate e) Output decreases at an increasing rate 3. Which of the following is NOT a factor to consider when choosing a process layout? a) Product variety b) Volume of production c) Customer demand d) Equipment cost e) Employeeskill level 4. What is the primary benefit of using Gantt charts in project managements? a) They help to identify critical paths b) They track progress visually c) They allocate resources efficiently d) They manage risks effectively e) They improve communication among stakeholders