Which of the Following Is Not an Accurate Statement Concerning

question 69

Multiple Choice

Which of the following is not an accurate statement concerning the use of predetermined time standards for work measurement?

• A) Analysts need to break jobs down into their basic motions.
• B) They provide better accuracy than stopwatch time studies.
• C) They rely on published data of times for basic motions based on extensive research.
• D) All of the choices are accurate.

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Definitions:

Accumulated Depreciation

The total amount of depreciation expense that has been recorded against a fixed asset since it was acquired.

Gain Or Loss

The financial result that occurs when the selling price of an asset differs from its purchase price.

Initial Cost

The initial expense of acquiring an asset, including purchase price, setup, and preparation costs.

Accumulated Depreciation

The total amount of a tangible asset's cost that has been allocated to depreciation expense since the asset was put into use.