If OT = the Mean Observed Time, PRF = the Performance

question 125

True/False

If OT = the mean observed time, PRF = the performance rating factor, F = the frequency of occurrence, and PFD = the percentage allowance based on time worked, the formula to compute the standard time is (OT)(PRF)(F).

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Definitions:

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World System Theory

A sociological perspective that analyzes the global economy as a complex system influenced by political and economic relationships.

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