Scenario 2.3 A Job Consists of Three Elements. Twenty Observations for Each

question 145

Multiple Choice

Scenario 2.3
A job consists of three elements. Twenty observations for each element were timed, and the resulting data are shown in the following table. A performance rating has also been assigned for each element, as shown in the table. The job has an allowance of 15% of normal time.

-Use the information in Scenario 2.3. What is the normal time for job element #3?

• A) greater than or equal to 3 minutes
• B) less than 3 minutes but greater than or equal to 2.6 minutes
• C) less than 2.6 minutes but greater than or equal to 2.2 minutes
• D) less than 2.2 minutes

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Definitions:

Geographic Markets

Areas or regions wherein a company's products or services are available and where economic activities surrounding those goods take place.

Monopolizing

The act of a company obtaining exclusive control over a market or commodity, often seen as detrimental to fair competition.

Antitrust Laws

Regulations established to prevent anti-competitive practices, promote fair competition, and protect consumers.

Individual Person

A single human being as distinguished from a group, organization, or corporation.