It Would Be Most Appropriate to Develop Direct Labor Time

question 167

Multiple Choice

It would be most appropriate to develop direct labor time standards for use in administrative activities when the activity involves:

• A) repetitive task that produces common output.
• B) nonrepetitive task that produces common output.
• C) top-level management.
• D) task related to nonmeasurable output.

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Definitions:

Equity of Redemption

The right of a mortgagor to reclaim property on which a mortgage exists by repaying the debt before a foreclosure sale.

Legal Title

The legal entitlement to possess property, safeguarded and upheld by the legal system.

Acceleration Clause

A clause in a debt instrument (e.g., a mortgage) that requires the payment of the balance of the debt on the happening of a specific event, such as default on an installment payment.

Equitable Mortgage

A mortgage subsequent to the first or legal mortgage. A mortgage of the mortgagor’s equity.