Scenario 2.5 A Job Consists of Three Distinct Work Elements That Were

question 63

Multiple Choice

Scenario 2.5
A job consists of three distinct work elements that were timed with a highly accurate Swiss watch by a trained industrial engineer. The engineer recorded ten observations listed in the following table. All recorded times are in seconds.

-Use the data in Scenario 2.5 to answer this question. If the rating factor is 1.15, what is the normal time for Element 3?

• A) 44.3 seconds
• B) 55.8 seconds
• C) 50.9 seconds
• D) 48.5 seconds

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Definitions:

Discount

A reduction in the price of goods or services, often to encourage prompt payment or increase sales.

Accounts Payable

The amounts a company owes because it purchased goods or services on credit from a supplier or vendor.

Discount Period

The time frame in which a payment can be made at a reduced rate, usually before a specified due date.

Invoice

A document issued by a seller to a buyer, indicating the products, quantities, and agreed prices for products or services the seller has provided the buyer.