A Work Sampling Method Is Used to Determine the Proportion

question 158

Multiple Choice

A work sampling method is used to determine the proportion of the time a worker is idle.The following information was gathered on a random basis. What is the proportion of idle time observed for this worker?

• A)less than or equal to 5%
• B)greater than 5% but less than or equal to 10%
• C)greater than 10% but less than or equal to 20%
• D)greater than 20%

Understand how aggregate planning is used for workforce adjustments.

Acknowledge the integration of aggregate planning within supply chain management.

Realize the necessity of incorporating forecast errors into aggregate planning.

Appreciate the significance of flexibility in aggregate plans.

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Definitions:

Residual Claimant

An individual or entity entitled to make a claim on the residual value of an entity's assets after all liabilities have been paid in the event of a liquidation.

Equity/Shareholders

Refers to the ownership interest held by shareholders in a corporation, represented by the company's common and preferred stock.

Intrinsic Value

The perceived or calculated true value of an asset, stock, currency, or company based on fundamental analysis, independent of its market value.

Model Inputs

Model Inputs are data or assumptions used as the basis for calculating or predicting outcomes within a financial or mathematical model.