Advantage of time-based compensation systems

Assignment Help Operation Management
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.

Reference no: EM133402815

Questions Cloud

What situation would the tendency to apologize be beneficial : In what situation would the tendency to apologize be beneficial? In what situations would it be less effective? Why?
How does a golden apple contribute to triggering trojan war : Specifically how does a golden apple contribute to triggering the Trojan War? Be specific... provide your source. What archeological evidence is there for the
How employment relationship is typical modern organizations : How the employment relationship that is typical of modern organizations differ from the relationship of a generation ago?
How many times toddlers interact with one another : How many times toddlers interact with one another. However, you notice that some of these interactions
Advantage of time-based compensation systems : An advantage of time-based compensation systems is that. Which of the following is not considered an advantage of specialization of jobs?
Create a timeline for the non-linear plot of the odyssey : Create a timeline for the non-linear plot of The Odyssey. Make it colorful and fun or deep and dramatic. Make it educational and accurate, and be sure
How might you deal with the matter of confidentiality : How might you deal with the matter of confidentiality if you were leading a group with children or adolescents and a parent wanted to know of the progress
Identify the thesis, evidence, and examples given : Identify the thesis, evidence, and examples given in "Survival is Your Own Responsibility" by Daryl Millerand "The Writing on the Wall" blog post by Camille
Do the results from your lived experiences align : Do the results from your lived experiences align with research and our contemporary understanding of attachment? Why is attachment an essential part

Reviews

Write a Review

Operation Management Questions & Answers

  Book review - the goal

Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..

  Operational plan in hospitality enterprise

Operational plan pertaining to a hospitality enterprise is given in detail in the solution. The operational plan is an important plan or preparation which gives guidelines regarding the role and responsibilities of each and every operation at all lev..

  Managing operations and information

Recognise the importance of a strategic approach to the development and deployment of organisational information systems. Demonstrate an understanding of the importance of databases and their integration to the organisation's overall information mana..

  A make-or-buy analysis

An analysis of the holding costs, including the appropriate annual holding cost rate.

  Evolution and contributor of operations management

Briefly explain Evolution and contributor of Operations management.

  Functions and responsibilities of an operations manager

A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..

  Compute the optimal order quantity

Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.

  Relationship to operations practice in the organisation

Evaluate problems in operations and identify approaches to overcoming them. Critically evaluate operating plans and identify areas for improvement. Justify, implement and evaluate changes to operations in line with modern approaches.

  A make or buy analysis

Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.

  Prepare a staffing plan

Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.

  Leadership styles in different organizations

Ccompare the effectiveness of different leadership styles in different organizations

  Risk management tools and models

Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd