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Functions of work Measurement:
1. To analyze the operations and to evaluate them in terms of time from the point of view of controlling the activity.
2. To control machine and labor utilization after assessing to plant capacity accurately.
3. To standardize the working conditions for an efficient operation.
4. To standardize the standard of performance which ultimately form the basis of the wage payment to the direct labor?
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Stakeholders of a company are shareholders, the community, customers, employees, and all of the other parties that have an interest in seeing that the company succeeds. True False
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