Which of the Following Steps Is Not Included When a Time

question 1

Multiple Choice

Which of the following steps is not included when a time study analyst uses standard elemental times?

• A) Identify the standard elements of the job.
• B) Determine the performance rating factor.
• C) Adjust the database times if needed.
• D) Check the database for time studies done on these elements.
• E) If no valid studies exist for this or a similar work element, do a time study for the new work element.

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Definitions:

Plant and Equipment

Plant and equipment are tangible assets used in the production or supply of goods and services, such as machinery, vehicles, and buildings, necessary for business operations.

Accumulated Depreciation

Sum of all depreciation expenses allocated to a fixed asset since it first became operational.

Mortgage Payable

A liability account showing amount owed on a mortgage.

Liquidity

A measure of the ease with which an asset can be converted into cash without significant loss in value.