Which of the Following Statements Is True of a Time

question 18

Multiple Choice

Which of the following statements is true of a time study?

• A)A time study does not make allowances for fatigue, personal needs, and unavoidable delays.
• B)A time standard is completely scientific and beyond dispute.
• C)A time study involves making judgments and approximations.
• D)A time study involves analyzing work activities to determine how to make a task more efficient.

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Definitions:

Demand Curve

Illustrates the willingness of consumers to buy a particular quantity of a good at various price levels, with a downward slope indicating that as price decreases, demand increases.

Plaster

A building material composed of water, lime, and sand, used for coating walls and ceilings or for creating architectural decorations.

Labor

The physical and mental effort used in the production of goods and services by workers.

Equilibrium Price

The price at which the quantity of a good demanded by consumers equals the quantity of that good supplied by producers, achieving a state of market balance.