A Methods and Measurements Analyst for Timepiece,Inc

question 137

Multiple Choice

A Methods and Measurements Analyst for Timepiece,Inc.needs to develop a time standard for the task of attaching a watch to a wristband.In a preliminary study,he observed one of his employees perform this task five times,with the following results: What is the normal time (NT) for this task if the employee worked at a twenty percent faster pace than the average?

• A)16.7 seconds
• B)20 seconds
• C)24 seconds
• D)25 seconds
• E)100 seconds

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Definitions:

Monopolistically Competitive

A market structure characterized by many firms selling products that are similar but not identical.

Profit-Maximizing

The process or strategy of adjusting production and sales to achieve the highest possible profit under given conditions.

Personalized Sweaters

Custom-made sweaters tailored to individual preferences regarding design, color, and often with personal messages or images.

Fixed Cost

Expenses that do not change in the short term, regardless of the level of output or sales, such as rent, salaries, and loan payments.