A Normal Good Is a Good That

question 36

Multiple Choice

A normal good is a good that:

• A) provides pleasure.
• B) would generally be owned by an average household.
• C) has a value greater than zero.
• D) is desired in larger quantities by a consumer when his or her income rises.

---

Definitions:

Work Sampling

A statistical technique used for analyzing the work performance and estimating the proportion of time spent by workers on different activities.

Stopwatch Time Study

A method of work measurement used to establish standard times for activities by observing and timing tasks using a stopwatch.

Simultaneous Motion Study

A technique in industrial engineering where tasks are analyzed in detail to identify and minimize wasted motions, enhancing efficiency.

Predetermined Time Standards

Established benchmarks for the time required to complete specific tasks, used for planning and evaluating productivity.