An Advantage of Work Sampling Is That

question 198

Multiple Choice

An advantage of work sampling is that:

• A) no observation is required.
• B) it involves study of the equipment only.
• C) a performance rating is necessary.
• D) the time spent observing the employee is relatively short.
• E) it is more effective than time studies when task times are short.

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Definitions:

Wage Rate

Wage rate is the fixed amount of compensation or payment given to an employee by an employer in return for work performed.

Workers Hired

Refers to the process of employing individuals to perform various tasks and functions within an organization or business.

Marginal Physical Product

Represents the additional quantity of output that is produced by utilizing one more unit of a variable input, holding all other inputs constant.

Perfect Competitor

A Perfect Competitor refers to a market participant in a perfect competition market structure, where there are many buyers and sellers, and none can influence the market price.