With the Use of the Methods Time Measurement Approach

question 61

Multiple Choice

With the use of the methods time measurement approach:

• A) stopwatches are needed to time the elements that go together to make a task.
• B) there is a problem of biased judgment because performance ratings are needed to derive standards.
• C) work must be broken down into micro-motions.
• D) an analyst consults tables that contain the select times for a variety of work elements.

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Definitions:

Inventory

Raw materials, work-in-process products, and finished goods that are considered to be the portion of a business's assets that are ready or will be ready for sale.

Sales Journal

A dedicated financial ledger designed for documenting all credit sales transactions.

Posting

The act of recording financial transactions in the ledger of an accounting system.

Account Numbers

are unique identifiers assigned to specific accounts in an accounting system to track financial transactions.