Methods Analysis Focuses on

question 144

Multiple Choice

Methods analysis focuses on

• A) the design of the machines used to perform a task
• B) establishing time standards
• C) reducing the number of skills needed for the completion of a task
• D) issues such as the movement of individuals or materials
• E) evaluating training programs to see if they are efficient

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Definitions:

Compensation Plans

Schemes or programs implemented by businesses to remunerate, incentivize, and reward their employees for their performance and contribution to the organization.

Shareholders' Incentives

Motivations or benefits, such as dividends or stock price appreciation, that encourage individuals or entities to invest in a company's shares.

Long-Term Business Goals

Strategic objectives a business intends to achieve over a long period, which guide decision-making and operations.

Rate Regulation

The governmental or regulatory authority's control over the pricing of certain services and products.