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State the Main Objective of Time Study. - Business Studies

Short Note

State the main objective of time study.

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Solution

Time study determines the standard time taken to perform a job. The method of time study depends upon the volume and frequency of the task, the cost of time and the cycle time of the operation. There are three objectives of time study:

a. Determine the number of workers.

b. Determine labour cost.

c. Frame a suitable worker incentive scheme.

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APPEARS IN

NCERT Class 12 Business Studies Part 1 - Principles and Functions of Management
Chapter 2 Principles of Management
Very Short Answer | Q 2 | Page 65
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