For each of the following efficiency standards, indicate which parties are responsible for the standard and list one factor that should be used in setting the standard

Efficiency standard Responsible party Factor used in setting the standard
Direct materials

Direct labor

What will be an ideal response

Efficiency standard Responsible party Factor used in setting the standard
Direct materials Production manager and engineers Product specifications, spoilage, production scheduling
Direct labor Production manager and engineers Time requirements for the production level and employee experience needed.

Business

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What kind of research firm would provide the technical assistance necessary to analyze and interpret data using the more sophisticated data analysis techniques such as conjoint analysis?

A) a limitless service supplier firm B) a full service supplier firm C) a syndicated data service firm D) a data analysis firm E) specialized research technique firm

Business

RMSEA is an incremental fit index

Indicate whether the statement is true or false

Business