Reference no: EM132265747
1. Choose the best answer to fill in the blank below Accurate rating becomes ............... when the 70-130 range is exceeded.
a. Easier
b. More difficult
c. More dependent on the worker
d. More dependent on the time study observer
2. When developing a standard time, you should provide allowances based on:
a. As a fraction of normal time
b. As a fraction of total workday.
c. As a fraction of both normal time and total workday
d. As a fraction of both normal time or total workday
3. In which of the following scenarios is a business least likely to survive?
When a business views customer's perception of value as the ultimate measure of work performance and improving value
When a business sells ideas, benefits, philosophies, and experiences—not just goods and services
When a business finds out what consumers desire and then develops goods, services, or ideas accordingly
When a business focuses only on customer satisfaction and not on its own objectives such as boosting productivity
When a business continually alters, adapts, and develops products to keep pace with changing customer needs and wants
4. What is a disadvantage of time wages?
Time wages provide no incentive to increase productivity.
Time wages are subjective in nature.
Time wages stress on quantity of products rather than quality.
Time wages are fixed and do not depend on the performance of an employee.
Time wages are not very transparent and can lead to disputes.
5. Which of the following statements is true of junk bonds?
They are short-term liabilities.
They are a sequence of small bond issues of progressively longer maturity.
They offer relatively high rates of interest.
They have low inherent risks.
They are typically associated with companies in good financial health.