How Many Cycles Should Be Used in a Time Study

question 19

Multiple Choice

How many cycles should be used in a time study in order to be 95% confident that the time-study average job cycle time is within 5% of the true average job cycle time.Assume that the average job cycle time was 2.67 minutes and the standard deviation of the sample was 0.72 minutes.

• A)36 cycles
• B)72 cycles
• C)98 cycles
• D)112 cycles

Understand the dynamics of the global commodity chain and its impact on global economy.

Analyze the role of information technology in transforming work, economy, and society.

Analyze the concept of control and autonomy within bureaucratic work environments and strategies for workers to regain control.

Understand the structure of the American economy by identifying its major sectors and evaluating their characteristics.

---

Definitions:

Current Ratio

A liquidity ratio that measures a company's ability to cover its short-term obligations with its short-term assets.

Income Statement

A financial statement that shows a company's revenues, expenses, and net income over a specific period of time, indicating its profitability.

Debits

Entries on the left side of a double-entry accounting system that increase assets or expenses or decrease liabilities, equity, and income.

Credits

In accounting, credits refer to the side of an account that decreases assets or increases liabilities and equity.