ENTREPRENEURIAL OPERATIONS
PRODUCTION PLANNING AND CONTROL
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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plan and schedule of production
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estimate the selling prices and delivery dates
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formulate a proper incentive scheme
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all of the above
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Detailed explanation-1: -Work Measurement: It is defined as the application of different techniques to measure and establish the time required to complete a job by a qualified worker at a defined level of performance. Objectives of work Measurement: Provides information for effective production planning and maintenance procedures.
Detailed explanation-2: -The main objective of work study is to improve productivity of men, machines and materials. The aim of work study is to determine the best method of performing each operation and to eliminate wastage so that production increases with less fatigue.
Detailed explanation-3: -The results obtained from work measurement are commonly used as the basis of the planning and scheduling of work, manpower planning, work balancing in team working, costing, labour performance measurement, and financial incentives.