Reference no: EM133402815

1. An advantage of time-based compensation systems is that:

quality performance can be easily accounted for.

they are based on quotas established based on time studies.

calculation of compensation is straightforward.

increased productivity is rewarded.

2. After they are constructed decision trees are evaluated from right to left. This is referred to as what?

Rolled or folded back

Alternative exclusion

Trimming the branches

Decision analysis

3. The expected payoff under risk is $12.7 and the expected value of perfect information is $3.5. What is the expected payoff under certainty?

Cannot be determined without probabilities

$9.2

$3.5

$16.2

4. For an output-based (piece rate) compensation system to achieve maximum benefit it should be

All of the choices are accurate.

consistent.

easy to apply.

easy to understand.

5. Using utilities, is a formal approach to decision making that involves quantification of a person's value for various payoffs.

False

True

6. Which of the following is not considered an advantage of specialization of jobs?

more vertical loading of jobs

higher productivity

relatively low wage costs

simplifies training of workforce

7. Many companies are realizing that the productivity of their employees depends largely on their ______________.

General health and well being

Job time and rest breaks

Equipment and line speed

Level of training and expertise

8. This type of decision process is used when not all of the consequences can be quantified into one common measure.

Subjective model

Qualified objectives

Multiple objectives

Objective model

9. A task was studied and the following times were recorded: 1.20 minutes, 1.40 minutes, 1.33 and 1.15 minutes, respectively. What is the observed time for the task?

Cannot be determined without the performance rating.

1.27

1.40

1.15

10. Which of the following is not typically part of a stopwatch time study to develop a standard time for a job?

Inform the worker who will be studied.

Define the task to be studied.

Ratee the worker's performance.

Observe five cycles of the job.