Why would the elemental standard data approach be used instead of a work sampling study when developing a time standard?
What will be an ideal response?
If a plant requires thousands of work standards, the time and cost required for the time study method may be prohibitive. When a high degree of similarity exists in the work elements of certain jobs, analysts often use elemental standard data to derive standards for various jobs. In addition to reducing the number of time studies or informed opinions needed, the elemental standard data approach can help managers develop standards for new work before production begins. This feature is helpful in product costing, pricing, and production planning.
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Which of the following would most likely be classified as a current liability?
a. two-year notes payable b. bonds payable c. mortgage payable d. unearned rent
Dream Homes is an appliance store. It recently launched its own brand of freezers in order to build customer loyalty. The store launched three different models to cater to low-, middle-, and high-income groups. The freezers are also priced accordingly. These freezers are exclusive to Dream Homes and cater to all customer segments. This pricing strategy involving price points within a merchandise category is known as
A. odd pricing, B. price bundling. C. price lining. D. leader pricing. E. zone pricing.
Evaluation is conducted with qualitative research methods whereas research is conducted with quantitative research methods.
a. True b. False
According to ________, men are not supposed to like movies that are described as "chick flicks," and women are not supposed to like movies that emphasize violence and destruction
A) social classes B) gender roles C) subcultures D) situational influences E) reference groups