When Using a Time Study Approach, the Standard Time Is

question 93

Multiple Choice

When using a time study approach, the standard time is the:

• A) normal time per cycle multiplied by 1.0 plus the allowance.
• B) select time multiplied by the rating factor, summed over all work elements.
• C) select time plus z times the standard deviation.
• D) normal time plus z times the standard deviation.

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Definitions:

Robot Hours

The amount of time robots are operational and performing tasks in place of human labor.

Cost-output Elasticity

Cost-output elasticity measures the responsiveness of the cost of production to changes in the quantity of output produced, indicating the scale economies in production.

Economies of Scale

Cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output generally decreasing with increasing scale.

Marginal Cost

The expenditure required to produce an additional unit of a product.