Management with information for accurate decision making

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Reference no: EM132239944

1. A methods and measurement analyst wants to develop a time standard for a certain task. In a preliminary study, he observed one worker perform the task six times with an average observed time of 13 seconds and a standard deviation of 2.4 seconds. What is the standard time for this task if the employee worked at a 26.3 percent slower pace than average, and an allowance of 26.3 percent of job time is used? (Keep one decimal place in your answer)

2. The basic objective of the market research function is providing management with information for more accurate decision making. The objective is the same for domestic and international marketing. Discuss in detail why in foreign marketing research, achieving that objective presents some problems not encountered on the domestic front.

Reference no: EM132239944

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