A Time Study Analyst Is Determining the Standard Time for a Work

question 9

Multiple Choice

A time study analyst is determining the standard time for a work element. The select time is 6.0 minutes, and the standard deviation of the select time is 2.2 minutes, based on a pilot sample of 20 observations. What is the appropriate sample size if the estimate for the select time is to be within 10 percent of the True average time 95 percent of the time (z = 1.96) ?

• A) fewer than 30 observations
• B) greater than or equal to 30 observations but fewer than 40 observations
• C) greater than or equal to 40 observations but fewer than or equal to 50 observations
• D) greater than or equal to 50 observations

Understand the concepts and different types of organizational commitment.

Identify the factors that influence organizational commitment.

Discuss the relationship between organizational commitment and employees' performance.

Recognize how different types of organizational commitment impact employee turnover and loyalty.

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Definitions:

Future Growth Prospects

The potential or expectations for a business or investment to expand or increase in value over time.

General Motors

A global American corporation with its main office in Detroit, specializing in the design, production, marketing, and sales of automobiles and their components.

Sears

An American chain of department stores known for its significant historical impact on retail but has struggled financially in recent years.

Sustainable Growth Rate (SGR)

The growth rate a firm can maintain given its debt capacity, ROE, and retention ratio.