Which of the Following Methods for Setting Production Standards Is

question 57

Multiple Choice

Which of the following methods for setting production standards is most likely to be used for jobs involving repetitive tasks?

• A) Expert opinion
• B) Work sampling
• C) Performance of specially selected employees
• D) Time study
• E) Average production

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Definitions:

Financial Account

A component of the balance of payments that records transactions involving financial assets and liabilities between residents of a country and non-residents.

Oil Imported

The total volume of crude oil and petroleum products that a country acquires from foreign sources to meet its energy and fuel needs.

Dividends

Payments by a corporation of all or part of its profit to its stockholders (the corporate owners).

Direct Investment

Describes the process of acquiring a controlling interest in foreign assets, such as a company or property, with the aim of managing the investment directly.