An Advantage of Work Sampling Is That

question 198

Multiple Choice

An advantage of work sampling is that:

• A) no observation is required.
• B) it involves study of the equipment only.
• C) a performance rating is necessary.
• D) the time spent observing the employee is relatively short.
• E) it is more effective than time studies when task times are short.

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Definitions:

Debit Balance

A financial situation where the total debits exceed the total credits in an account, resulting in a positive account balance.

Inventory

Assets held for sale in the ordinary course of business, as well as materials and supplies used in producing goods available for sale.

Chart of Accounts

The Chart of Accounts is an organized list of all accounts in the general ledger of a company, used for recording transactions and building financial statements, categorized by assets, liabilities, equity, revenues, and expenses.

Merchandising Business

A type of business that purchases finished products and sells them to consumers, making a profit from the markup.