A favorable labor efficiency variance is created when actual labor hours worked exceed standard hours allowed.
Answer the following statement true (T) or false (F)
False
A favorable labor efficiency variance is not created when actual labor hours worked exceed standard hours allowed.
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Monitoring activities should be kept separate from decision-making processes to increase a company's competitiveness
Indicate whether the statement is true or false
What is a quota-bonus plan?
What will be an ideal response?
Answer the following statements true (T) or false (F)
1. John is a low-performing employee. In order to improve his performance, his leader may use management-by-exception approaches. 2. John is a low-performing employee. In order to improve his performance, his leader may use management-by-exception approaches. 3. According to LMX, leaders treat all followers the same. 4. Most followers are completely dependent on their boss. 5. Research has shown that an effective working relationship with the boss can permeate the entire organization.
When using a time study approach, the standard time is the:
A) normal time per cycle multiplied by 1.0 plus the allowance. B) select time multiplied by the rating factor, summed over all work elements. C) select time plus z times the standard deviation. D) normal time plus z times the standard deviation.