What Is the Surplus or Deficit

question 107

Multiple Choice

What is the surplus or deficit?

• A) −$2,000.
• B) −$100.
• C) $22,000.
• D) $23,900.

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Definitions:

Standard Time

The established duration designed for the completion of a specific task, under normal working conditions and performance.

Time Study

A work measurement technique for recording the times of performing a task to establish a standard time for the activity by direct observation and timing.

Labour Standard

Labour standard represents the amount of time required to perform a job or part of a job at a defined level of performance, often used in planning and evaluating labor efficiency.

Work Sampling

A statistical technique used to estimate how much time workers spend on various activities during their workday.