A Manager Who Is Conducting a Time Study Now Needs

question 121

Multiple Choice

A manager who is conducting a time study now needs an accuracy of ±0.1 minutes,rather than ±0.2 minutes as in the past.Because of this change in accuracy,the new required sample size becomes:

• A)one-fourth as large.
• B)one-half as large.
• C)twice as large.
• D)four times as large.
• E)one-tenth larger.

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Definitions:

Generics

Non-branded products that are sold without a trademark and are equivalent in quality to branded products.

Commodities

Basic goods used in commerce that are interchangeable with other goods of the same type.

Procurement Costs

Expenses associated with acquiring goods and services needed for business operations.

Number Of Suppliers

This refers to the total count of individual suppliers that a business sources its materials, goods, or services from.