When Using a Time-Study Approach,the Standard Time Is

question 21

Multiple Choice

When using a time-study approach,the standard time is

• A) the normal time per cycle multiplied by 1.0 plus the allowance.
• B) the select time multiplied by the rating factor, summed over all work elements.
• C) the select time plus z times the standard deviation.
• D) the normal time plus z times the standard deviation.

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Definitions:

Operating Activities

Actions and transactions related to the core business operations, such as sales and the production of goods or services.

Net Income

The total earnings of a company after subtracting all expenses, taxes, and costs from the total revenue.

Income Taxes Payable

Income Taxes Payable are the taxes that a company owes to the government, which have been incurred but not yet paid, appearing as a current liability on the balance sheet.

Operating Activities

The day-to-day actions related to running a business, encompassing sales, provision of services, and expenses that affect the company's net income.