Which of the Following Is Not a Method Used to Set

question 40

Multiple Choice

Which of the following is not a method used to set labor standards?

• A)historical experience
• B)time studies
• C)predetermined time standards
• D)work sampling
• E)government laws and regulations

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Definitions:

Comparative Financial Statements

Financial statements that present the financial position and performance of a company over multiple periods, facilitating trend analysis and comparison.

Common-size Percent

A financial analysis tool that expresses each line item on a financial statement as a percentage of a base amount, facilitating comparison across different periods or companies.

Total Assets

The sum of all assets owned by a company, including both current and non-current assets.

Net Income

The amount of earnings left after all business expenses, including taxes, operating costs, and interest, have been subtracted from total revenue.