What are the limitations of time studies?
What will be an ideal response?
Time standards should not be used to set standards for jobs in which the nature of the task is different each time, such as a student solving a problem, a professor preparing a lecture, or an automobile mechanic diagnosing the cause of a nonroutine problem. In addition, an inexperienced person should not conduct time studies because errors in recording information or in selecting the work elements to include can result in unreasonable standards. Finally, some workers may object to time studies because of the subjectivity involved. Time studies are an imperfect, tool for setting equitable time standards, but when conducted by an experienced observer, provide satisfactory results.
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Chad and his partner, John, have decided to update their computer network, although they have no expertise in this area. During a meeting with John, Chad commented that "Our decision is limited by numerous constraints, such as our understanding of the complexity of technology, time and money, imperfect information, and our conflicting goals." These limitations are hindrances to
A. satisficing. B. rational decision making. C. intuitive decision making. D. MBO. E. nonrational decisions
Consumer preferences for alternative product concepts can be measured with conjoint analysis
Indicate whether the statement is true or false
The corridor is defined as 10% of the greater of the beginning of the year projected benefit obligation or the end of the year fair value of the plan
Indicate whether the statement is true or false
The marginal product of labour is the additional output associated with the employment of one additional human resources unit, with other production factors held constant.
Answer the following statement true (T) or false (F)