With the Use of the Methods Time Measurement Approach

question 61

Multiple Choice

With the use of the methods time measurement approach:

• A) stopwatches are needed to time the elements that go together to make a task.
• B) there is a problem of biased judgment because performance ratings are needed to derive standards.
• C) work must be broken down into micro-motions.
• D) an analyst consults tables that contain the select times for a variety of work elements.

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Definitions:

Higher Taxes

Increased rates or amounts of taxes imposed by governments on individuals, corporations, or transactions.

Inelastic

Inelastic refers to a situation in which the quantity demanded or supplied of a good or service is relatively unresponsive to price changes.

Quantity Demanded

The total amount of a good or service that consumers are willing to purchase at a specific price level, at a given point in time.

Elasticity Coefficient

A numeric value that measures the responsiveness of the quantity demanded or supplied of a good to a change in one of its determinants, such as price.