With the Use of the Elemental Standard Data Approach

question 107

Multiple Choice

With the use of the elemental standard data approach:

• A) there is no need to estimate allowances.
• B) managers can develop standards for new work before production begins.
• C) time studies are not needed.
• D) the need to specify job variables that affect times for each work element is eliminated.

---

Definitions:

Middle Class

A social group between the upper and working classes, typically characterized by moderate income, education, and professional jobs.

Highly Concentrated Wealth

A situation where a significant portion of wealth is held by a very small percentage of the population, leading to economic disparities.

Multinational Corporations (MNCs)

Companies that operate in multiple countries, managing production or delivering services in more than one country.

Overseas Jobs

Employment positions located outside one’s home country, often in a different cultural or economic environment, presenting opportunities for work and travel.