Examlex
Match the following terms with the appropriate definitions.
-Change in market value that is not yet realized through an actual sale.
Stopwatch Time Study
A method of measuring the time taken to perform a task, using a stopwatch to record precise time intervals for analysis and optimization.
Average Observed Time
The mean time measured or recorded for a task or activity based on multiple observations under defined conditions.
Performance Rating
The assessment of an individual's or entity's performance against predefined standards or objectives, usually expressed in numerical or qualitative terms.
Personal Time Allowances
Additional time given to workers to account for personal needs, breaks, and minor delays that are part of the work process.
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