Which of the Following Is Not a Reason That Time

question 2

Multiple Choice

Which of the following is not a reason that time standards are necessary?

• A)To allocate capacity
• B)To provide an objective basis for measuring worker performance
• C)To evaluate performance on existing contracts
• D)To focus the supervisor on performance improvement
• E)To provide benchmarks for improvement

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Definitions:

Expense Accounts

Financial accounts used to track money spent or costs incurred in a company's operations.

Credits

Entries in accounting that increase liabilities, revenue, or equity accounts, or decrease asset or expense accounts.

Withdrawals

Money or assets taken out of a business by its owner(s) for personal use.

Owner's Equity

The ownership stake of shareholders or owners in a company's assets once all debts have been subtracted.