An Observer Has Recorded the Following Select ( )For

question 35

Multiple Choice

An observer has recorded the following select ( ) for a five-part task and has applied a rating factor (RF) to each.The times are in seconds.If there is a 15 percent allowance for "nonproductive" activities,compute the standard time for the total task. The standard time for the task is:

• A)fewer than or equal to 21 seconds.
• B)greater than 21 seconds but fewer than or equal to 23 seconds.
• C)greater than 23 seconds but fewer than or equal to 25 seconds.
• D)greater than 25 seconds.

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Definitions:

Inverted-U Theory

The idea that, other things equal, R&D expenditures as a percentage of sales rise with industry concentration, reach a peak at a four-firm concentration ratio of about 50 percent, and then fall as the ratio further increases.

Interest-Rate Cost

The cost associated with borrowing funds, typically expressed as a percentage of the total amount loaned.

Expected Rate

Expected rate often refers to the anticipated return on an investment or the predicted growth rate of an economic variable over a certain period.

Optimal Amount

The most efficient, beneficial, or ideal quantity of a good, service, or resource allocation under given circumstances.