With the Use of the Elemental Standard Data Approach

question 107

Multiple Choice

With the use of the elemental standard data approach:

• A) there is no need to estimate allowances.
• B) managers can develop standards for new work before production begins.
• C) time studies are not needed.
• D) the need to specify job variables that affect times for each work element is eliminated.

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Definitions:

Collaborative Consumption Services

A business model that involves sharing access to goods or services rather than owning them outright, often facilitated by technology.

Higher Pay

Compensation that is above the average or expected amount for a job, often used as an incentive to attract or retain employees.

Flexible Hours

Work arrangements allowing employees to vary their start and end times, providing greater control over personal schedules.

Filter Bubbles

A phenomenon where an individual's exposure to information on the internet is limited by algorithms to only what aligns with their past behavior and preferences.