What Is the Term for a System in Which a Standard

question 26

Multiple Choice

What is the term for a system in which a standard time is set for each task a worker must perform and each worker who completes the task in that time or faster receives a higher rate of pay,while workers who do not meet the standard time are penalized?

• A) soldiering
• B) therbligs
• C) time studies
• D) differential piece-rate

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Definitions:

Cash

Represents money or its equivalents (such as checks) that a company possesses and can use for transactions.

Withdrawals

Money or assets taken from a business by its owner(s) for personal use, typically reducing the total equity.

Cash

Liquid currency and assets readily convertible to currency, used by businesses to conduct transactions.

Owner's Equity

The residual interest in the assets of the entity after deducting liabilities, representing the owners' claim on the business assets.