Which of the Following Would NOT Be a Recommended Way

question 14

Multiple Choice

Which of the following would NOT be a recommended way for establishing standards of performance for a department's operation?

• A) Using the supervisor's experience and observations to some extent.
• B) Analyzing previous budgets and operating results.
• C) Forming a supervisor and employee committee to discuss standards and work operations.
• D) Having all standards determined by the industrial engineers and top management.

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Definitions:

Expected Return

A rephrased definition for Expected Rate of Return; it refers to the anticipated profit or loss from an investment based on its potential outcomes and their probabilities.

Historical Data

Past records or data points that are used for analysis or forecasting future trends.

Total Return

Total return is the overall return on an investment, including dividends, capital gains, and interest, over a specific period.

Dividend Income

Income received from owning shares of a company, distributed out of the company's profits.