When the Actual Time on a Time Slip Is 3

question 31

Multiple Choice

When the actual time on a time slip is 3 hours and the payroll time is 2.5 hours -

• A)the employee took 3 hours to complete the task and will be paid for 2.5 hours
• B)the employee took 3 hours to complete a task that normally is completed in 2.5 hours
• C)the employee took a half-hour break while working on the task
• D)the employee took longer than expected to complete the task because he or she was still learning the job

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Definitions:

NPV

A method used in capital budgeting to assess the profitability of an investment or project, calculating the difference between the present value of cash inflows and outflows.

Incremental Value

The additional or excess value that an action or decision is expected to generate over the base case or current situation.

Acquiring Firm

A company that purchases or takes over another company through a merger, acquisition, or takeover.

Target Firm

In mergers and acquisitions, the company that is being considered or has been chosen for a takeover by another company.