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Explain objectives and applicability of Factories Act 1948.
Objectives and Applicability: The Factories Act controls the conditions of work (health and safety) in factories. This safeguards the interests of the workers and this is for the welfare of the factory workers. The act acquired the assent of Governor General of India on September 23, 1948 and came in force on April 1, 1949. Such act was further amended several times. The act is applicable to any factory wherein ten or more than ten workers are working. The act has a provision in respect of
a) Employee safety and health,
b) Hours of work,
c) Sanitary conditions and wholesome work environments,
d) Employee welfare, and
e) Leave with wages.
1 What advantages can statistical process control methods provide? 2 Explain the significance of common and assignable causes of variability for process control.
A product is currently made in a job shop, where fixed costs are $4,500 per year and variable cost is $10 per unit. The firm sells the product for $70 per unit. What is the break-e
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Explain David McClelland's "Three Needs Theory"
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