The Data Below Represent Time Study Observations for an Assembly

question 229

Multiple Choice

The data below represent time study observations for an assembly operation. Assume a 7% allowance factor. What is the normal time for element 2?

• A) 1.7 min.
• B) 1.96 min.
• C) 2.02 min.
• D) 10.1 min.
• E) 11.2 min.

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Definitions:

Economic Downturn

A period of negative growth in an economy, characterized by a decrease in the GDP, employment, and spending.

Inflation

The frequency at which the average pricing for goods and services uplifts, subsequently reducing the power of procurement.

Opportunity Cost

The value of the best alternative forgone, where a choice needs to be made between several mutually exclusive alternatives under conditions of scarcity.

Invisible Hand

A term coined by Adam Smith to describe the self-regulating nature of the marketplace, where individuals' pursuit of self-interest leads to beneficial social outcomes.