Work Sampling Estimates the Percent of Time That a Worker

question 202

True/False

Work sampling estimates the percent of time that a worker spends on various tasks.

---

Definitions:

Budgeted Cost

An estimate of the financial expenditure for a particular operation, project, or production process over a set period.

Raw Materials

Basic substances or components that are processed or transformed into a finished product.

Credit Sales

Sales made by a business where the payment is deferred to a later date, typically involving issuing an invoice to the customer.

Finished Goods Inventory

The completed products that are ready to be sold but have not yet been sold to customers.