One of the Elements of Ergonomics Is

question 69

Multiple Choice

One of the elements of ergonomics is

• A) allocating work time based on economic studies
• B) the cost justification of technology
• C) designing tools and machines that facilitate human work
• D) the use of automation in a manufacturing organization
• E) the establishment of time standards

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Definitions:

Inventory Conversion Period

Inventory Conversion Period is the average time taken for a company to convert its inventory into sales.

Payables Deferral Period

The time duration a company takes to pay off its suppliers after a purchase has been made, indicating how well the company manages its cash outflow.

Commercial Paper

An unsecured, short-term debt instrument issued by corporations, typically used for the financing of payroll, accounts payable, and inventories, and meeting other short-term liabilities.

Flotation Cost

The expenses incurred when a company issues new securities, including underwriting fees, legal fees, and registration fees.