Standard Time

question 157

Multiple Choice

Standard time

• A) needs to be adjusted for worker performance ratings
• B) needs to be adjusted for worker fatigue
• C) is average observed time divided by the allowance factor
• D) accounts for performance rating factors and for allowances
• E) is normal time divided by the performance rating factor

Understand the role of service level in inventory management and how it influences stock decisions.

Identify the factors affecting the choice of inventory models and the calculation of order quantities.

Appreciate the importance of demand variability in inventory management and methods to manage it.

Understand the concept of quantity discounts and their impact on inventory decisions.

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Definitions:

Sensitization

The process of becoming more sensitive to a stimulus after exposure; it leads to an amplified response to a preexisting stimulus.

Habituation

The process by which an organism decreases or ceases its responses to a repetitive or prolonged stimulus, indicating a basic form of learning.

Behavioral Contrast

occurs when a change in the conditions of reinforcement for one behavior leads to a change in the rate of responding for another behavior.

Disinhibition

The process by which a suppressed behavior is re-expressed following the removal or reduction of inhibition or restraint.