Asked by
Shaakir Thomas
on Oct 24, 2024
Verified
'Time and motion studies' refers to:
A) the process in which managers use their judgment to estimate the time it takes to carry out each individual work task, in order to estimate cost.
B) the process in which employees complete timesheets each day; the timesheets then form the basis for cost estimation.
C) the process in which employees are observed when they undertake work tasks; these observations are then used to estimate cost.
D) the process in which the cost of work tasks are compared over time and across different divisions.
Time And Motion Studies
A business efficiency technique combining the time study work with motion study to standardize procedures and establish proper work methods.
Cost Estimation
The process of predicting the costs associated with the production of products or the delivery of services.
- Master the concept of evaluating cost behaviors and the essentiality of cost drivers.
Verified Answer
MS
Learning Objectives
- Master the concept of evaluating cost behaviors and the essentiality of cost drivers.