List the eight steps used to develop a time study-based labor standard

What will be an ideal response?

1. Define the task to be studied. 2. Divide the task into precise elements. 3 . Decide how many times to measure the task. 4. Time and record elemental times and ratings of performance.
5. Compute the average observed (actual) time. 6. Determine performance rating (work pace) and then compute the normal time for each element. 7. Add the normal times for each element to develop a total normal time for the task. 8. Compute the standard time.

Business

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In general, as the fraction of increased demand coming from forward buying grows, offering the promotion during the peak demand period becomes more attractive

Indicate whether the statement is true or false.

Business

Which of the following statements about orientation is true?

A) An orientation is one type of training where a TNA makes no sense as the attendees are not even with the company yet. B) To be effective, orientations need to span at least two days to have any impact. C) Orientations need to focus on the skill training necessary for the job in question. D) None of the above is true.

Business