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Explain Division of Work (or Labour).
It is a famous principle of Economics, invented through Adam Smith who was the traditional economist. Fayol had advocated Division of work to get advantage of specialization that results in improved human efficiency. The structure of organisation must therefore divide and group the activities of the enterprise in order that they contribute most effectively and powerfully to enterprise things. Division of work give the meaning of dividing the work on the principle that various workers (and various places) are fine fitted for different things or jobs depending on influences arising by geography, personal aptitude, natural conditions and skills. It leads to specialization. Idea of division of work can be applied to all types of work - managerial and technical.
Define the elements of method study and work measurement. Method study and Work Measurement are elements of Work Study.
A firm is selling two products, chairs and bar stools, each at $50 per unit. Chairs have a variable cost of $25 and bar stools $20 Fixed cost for the firm is $200 a. if the sales m
Describe the challenges you foresee in using the MBTI instrument or Keirsey Temperament Sorter in a project management situation and how you would address them. Speculate the accep
A firm's business practices toward its labor force pertain mainly to the economic aspect of the triple bottom line concept.
Intermediate objective goals 1. Machinery and Equipment: The objectives in the area of machinery and equipment are divided into: Acquisition of machinery and equi
Explain what is Controlling. Controlling is defined as which managerial function that seeks to ensure an absolute conformity of actual performance through organizational person
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1. Discuss the various elements of strategic leadership. 2. Do you believe that one's propensity to become a leader is an acquired skill or that the ability to be a leader is so
what do you understand by line balancing what happens if balance does not exist
Discuss the various views of ethics (e.g. justice view, moral rights, etc.) and why they are important in business.
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