A Task Involves Positioning Two Metal Parts with a Rubber

question 70

Essay

A task involves positioning two metal parts with a rubber gasket sandwiched between them, inserting two bolts into predrilled holes, threading a nut onto each bolt, and tightening each bolt with a pneumatic wrench. In a preliminary study, the manager observed one of his workers perform this task five times. The observations were made in an air-conditioned, well-lighted training facility, at ground level, with all tools and equipment clean and readily available.
a. What is the average observed time for this task?
b. What is the normal time for this task if the employee worked at a 10% slower pace than is typical for adequately trained workers?
c. What is standard time for this task if allowances are 8% constant and 6% variable?

Describe different sources of recruitment and their effectiveness.

Identify ethical considerations and potential biases in the recruitment process.

Comprehend the process of human resource planning and its steps.

Discuss the advantages and disadvantages of internal sources of recruitment.

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Definitions:

Inflation

The rate at which the general level of prices for goods and services is rising, eroding purchasing power.

Cash Outflow

Payments or expenditures of cash, representing the movement of cash out of a business for expenses, investments, or acquisitions.

Discount Rate

The interest rate used to discount future cash flows to their present value, often used in capital budgeting and investment planning.

Original Investment

The initial amount of money used to purchase an asset or start an investment.