Which of the Following Is True Regarding the MTM Approach

question 51

Multiple Choice

Which of the following is True regarding the MTM approach?

• A) A performance rating factor greater than 1.0 means the worker under observation is working slowly.
• B) A frequency of less than 1.0 means that the job element is not performed during every cycle.
• C) A performance rating factor less than 1.0 means the worker under observation is not producing output that has high quality.
• D) A negative allowance time means that the worker under observation is taking excessive breaks.

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Definitions:

Net Income

The total earnings of a company after subtracting all expenses, including taxes and operating costs, from its total revenues, indicating the company’s profit.

Dividends

A portion of a company’s earnings distributed to its shareholders as a reward for their investment.

ASPE

Accounting Standards for Private Enterprises; a set of accounting principles and standards in Canada designed for private companies.

IFRS

International Financial Reporting Standards, which are global standards for how particular types of transactions and other events should be reported in financial statements.