A Methods and Measurements Analyst Needs to Develop a Time

question 151

Multiple Choice

A methods and measurements analyst needs to develop a time standard for a certain task. In a preliminary study, he observed one of his workers perform this task five times, with the following results:

What is the standard time for this task if the employee worked at a 25 percent faster pace than average and an allowance of 20 percent of the workday is used?

• A)80 seconds
• B)96 seconds
• C)100 seconds
• D)120 seconds
• E)125 seconds

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Definitions:

Holder In Due Course

A legal term describing a party who has acquired a negotiable instrument in good faith and for value, and thus has certain protections against defects.

Negotiates

The act of discussing something formally to reach an agreement or compromise on terms.

UCC

The Uniform Commercial Code represents an extensive collection of legislation that oversees business dealings in the United States.

Negotiable Interest

An interest in a financial asset, like a note or draft, that can be transferred from one party to another in a manner that the transferee gains legal ownership and the right to enforce the instrument.