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A consumer is maximizing her utility with a particular money income when
Standard Time
An adjustment to the total normal time; the adjustment provides allowances for personal needs, unavoidable work delays, and fatigue.
Average Observed Time
The arithmetic mean of the times for each element measured, adjusted for unusual influence for each element.
Visual Workplace
Uses a variety of visual communication techniques to rapidly communicate information to stakeholders.
Hawthorne
Refers to the Hawthorne Effect, a phenomenon where people improve or modify an aspect of their behavior in response to their awareness of being observed.
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