The Method Used Most Often for Setting Time Standards for a Job

question 66

Multiple Choice

The method used most often for setting time standards for a job is the:

• A) elemental standard data approach.
• B) time study method.
• C) predetermined data approach.
• D) work sampling method.

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Definitions:

Posting Process

The procedure of transferring journal entry details into the ledger to update account balances.

Journal

An accounting record where all transactions are initially recorded in chronological order before being posted to ledger accounts.

Ledger

A comprehensive collection of a company's financial accounts, recording all transactions and financial activities over time.

Data Transfer

The process of moving or copying data from one device or system to another.