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:

Current Ratio

The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations using its current assets.

Collection Policy

The set of guidelines a company follows to manage its accounts receivable and recover owed money from clients.

Receivables Management

The practice of managing and collecting payments from clients and customers efficiently to maintain a company's liquidity.

Trade Credit Information

Data and details about the credit history and credibility of a business that seeks credit from suppliers, impacting its ability to procure goods on deferred payment terms.