Methods Time Management (MTM) and Most Work Measurement System (MOST)

question 51

True/False

Methods Time Management (MTM) and Most Work Measurement System (MOST) are proprietary examples of predetermined motion-time data systems (PMTSes).

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Definitions:

Cash Collections

The process of gathering all payments or receivables a company has earned from its sales or services.

Budgeted Sales

A financial estimation of the future sales revenue of a company over a specific period, forming part of the broader company budget.

Budgeted Sales Data

Projections or estimates of sales for a future period, used for planning and forecasting purposes.

Cash Collections

The process of gathering all cash receipts and payments, including from sales, loans, and other transactions, over a specific period.