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A Standard Time Is the Amount of Time It Should

question 140

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A standard time is the amount of time it should take a fully trained and qualified worker to complete a specific task, working at an efficient, yet sustainable pace, using their choice of methods, tools, equipment, and workplace arrangement.


Definitions:

Learning Organization

An organization that actively seeks to acquire knowledge and adapt to change efficiently, thereby continuously improving its capabilities.

Staffing

The process of hiring, positioning, and overseeing employees in a company to ensure effective and efficient operations.

Per Capita Requirement Costs

The average cost required to meet the needs of each individual within a population or group.

Compensation System

The complete package of monetary and non-monetary benefits provided by an employer to reward employees.

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