Scenario 2.3 A Job Consists of Three Elements. Twenty Observations for Each

question 176

Multiple Choice

Scenario 2.3
A job consists of three elements. Twenty observations for each element were timed, and the resulting data are shown in the following table. A performance rating has also been assigned for each element, as shown in the table. The job has an allowance of 15% of normal time.

-Use the information in Scenario 2.3. What is the standard time for the entire job?

• A) greater than or equal to 10.0 minutes
• B) less than 10.0 minutes but greater than or equal to 8.5 minutes
• C) less than 8.5 minutes but greater than or equal to 7.0 minutes
• D) less than 7.0 minutes

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Definitions:

Equipment

Equipment encompasses the set of tools, machinery, and other hardware required for the execution of specific tasks or activities within various fields and industries.

Fixture

A piece of property that was originally moveable but has become attached to real property in such a way that it is legally considered part of the real property.

Subrogation

is a legal doctrine allowing one party (usually an insurer) to step into the shoes of another party to pursue rights or claims against a third party, often to recover amounts paid out in a claim.

Surety

A form of financial guarantee, wherein one party (the surety) agrees to take on the financial obligations of another if they default.