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Explain work study as a management tool.
Work Study as a Management Tool: Work study checks the work done in an organization and this aims at finding the best and most efficient manner of using available resources; it is a generic term for those techniques mainly 'method study' and 'work measurement'. As a management tool, work study is used for examination of human work in all its contents. It in turn, leads systematically to the investigation of all factors that affect the efficiency of the situation being reviewed, so as to seek enhancements.
eloberate manufacturing process technology with its types. project,jobshop,batch,assembly line,contineous..?
What value would it be to know that you were going to be training a class of persons between the ages of 20 to 35? Would it influence the approach you would take? How?
Consider a $1,000 par value, 7% annual coupon bond. The bond matures in 9 years. Assuming the bonds required return is 10%, what is its current yield? (Semi-annually compounding)
Assignable Causes - Causes of Variability Variability in process output may also be the result of external causes which are separately identifiable, and which are not inherent
Discuss the strategic importance of layout decisions. How important as these decisions in terms of a company's long-term profitability goals? What are some examples?
Discuss the key factors that impact location decisions. As an example, if locating a facility in India, what location decisions would a fast-food chain have to consider as compared
When is it ok to forgo economic profit in order to increase social returns?
The issue of fraud must be considered when managing risk as it could present a major liability to the organization. Fraud is an act that requires an aggressive response and correct
Do wholesaling intermediaries provide any ultimate value to customers, or do they just interfere with the process of retailing? Explain the reasons for your answer. Has the emergen
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