Standard Time May Be Less Than Average Observed Time

question 145

True/False

Standard time may be less than average observed time.

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Definitions:

Nonquantitative Signals

Indicators or information used in analysis or decision-making that are not expressed in numerical or statistical form.

External Forces

These are the factors outside of an organization that can affect its performance and strategy, including economic, social, political, and technological influences.

Relinquish Priorities

The act of letting go or giving up previously held priorities in favor of new ones or in response to changing circumstances.

Cross-functional Goals

Objectives that require collaboration and coordination across different departments or functions within an organization to achieve.