In a Stopwatch Time Study, the Average Time It Takes

question 52

Multiple Choice

In a stopwatch time study, the average time it takes a given worker to perform a task a certain number of times is the:

• A) observed time.
• B) normal time.
• C) standard time.
• D) allowance time.
• E) performance rating time.

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Definitions:

Planning Budget

A budget that outlines the income, expenses, and goals of a company or project within a specific time period, serving as a financial roadmap.

Selling

The process of persuading potential buyers to purchase a product or service.

Administrative Expenses

Costs associated with the general administration of a business, such as salaries of executive officers, legal and professional fees.

Flexible Budget

A budget designed to change in response to variations in volume or activity levels.