A Time Study Was Made of a Job to Develop

question 1

Multiple Choice

A time study was made of a job to develop new time standards.A worker was observed for 30 minutes.During that time,40 units were produced.The analyst rated the worker as performing at a 120 percent performance rate.What is the normal time for this task?

• A)0.80 minutes
• B)0.90 minutes
• C)1.00 minutes
• D)1.20 minutes
• E)1.33 minutes

Recognize the scope and applications of various articles within the UCC, including goods and leases.

Understand the calculation of commissions based on sales performance and goal overachievement.

Calculate gross earnings based on hourly wages, including overtime rates.

Compute the annual effective working hours and its percentage relative to total annual hours.

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Definitions:

Executor's Accounting

The financial reporting and record-keeping process conducted by an executor of an estate to track assets, liabilities, and distributions to beneficiaries.

Obligations

Responsibilities or duties bound by legal or contractual agreements.

Trust's Income

The income generated from the assets held within a trust, which may include interests, dividends, and other earnings.

Lease Cancellation

The process by which a lease agreement is terminated before its specified end date, either by mutual agreement or due to breach of contract.