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What are the advantages of predetermined time standards (PTS)?
Answer: Quicker and cheaper than time study; likely to be more reliable; valuable for estimating new jobs; can be introduced at the start of a new job; particularly suitable for short runs; rating is incorporated.
Calculate the start and finish times for each activity and determine the minimum number of weeks for completing the project. Find the critical set of activities for the project.
Explain intermittent and continuous operations. Under what type of situation it would be used in automobile industry?
Explain why operational efficiency is so important to Net Income, Return on Capital and Income.
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Rules of the IRS and department of labor determine which workers quailfy as indenpendent contractor?
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