Determining the Number of Cycles to Observe Is an Element

question 120

Multiple Choice

Determining the number of cycles to observe is an element of:

• A)stopwatch time study.
• B)standard elemental times.
• C)predetermined time standards.
• D)work sampling.
• E)MTM tables.

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Definitions:

Competitive Equilibrium

A market state where supply equals demand, with no external influences, and prices are such that the quantity supplied is equal to the quantity demanded.

Utility Function

A mathematical representation in economics of how a consumer's preferences correspond to the consumption of goods and services.

Endowed

Possessing a particular resource, asset, or attribute, either naturally or through a transfer, such as being given a sum of money or property.

Bromides

Compounds containing a bromine ion or a derivative thereof; in colloquial usage, a bromide is a commonplace or boring statement intended to placate or pacify.