A Technique for Estimating the Proportion of Time a Worker

question 69

Multiple Choice

A technique for estimating the proportion of time a worker spends on various activities is:

• A)stopwatch time study.
• B)standard elemental (historical)times.
• C)simultaneous motion study.
• D)predetermined (published)time standards.
• E)work sampling.

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Definitions:

Socially Efficient Quantity

The level of production or consumption that maximizes social welfare, taking into account all external costs and benefits.

Demand Curve

A graphical representation of the relationship between the price of a good and the quantity demanded by consumers.

Deadweight Loss

A loss of economic efficiency that can occur when the equilibrium in a market is not achieved or is not achievable.