To Measure Controllable Production Inefficiencies,which of the Following Is the Best

question 60

Multiple Choice

To measure controllable production inefficiencies,which of the following is the best basis for a company to use in establishing the standard hours allowed for the output of one unit of product?

• A) Average historical performance for the last several years.
• B) Engineering estimates based on ideal performance.
• C) Engineering estimates based on attainable performance.
• D) The hours per unit that would be required for the present workforce to satisfy expected demand over the long run.

Know the rights of consumers when a credit application is denied and the procedural steps to follow thereafter.

Understand the obligations of creditors and credit bureaus in handling consumer complaints, billing disputes, and identity theft situations.

Recognize the legal protections against abusive, deceptive, and unfair practices by debt collectors.

Identify the federal laws related to resolving billing disputes, correcting billing mistakes, and challenging inaccurate credit information.

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Definitions:

Additive Strategy

A problem-solving approach that involves combining different strategies or elements in order to achieve a solution.

Elimination Strategy

A problem-solving approach that systematically removes options to find the best solution.

Functional Fixedness

A cognitive bias that limits a person's ability to use an object only in the way it is traditionally used, hindering problem-solving and creativity.

Language Acquisition

The process by which humans gain the ability to perceive, produce, and use words to communicate.