Mr. Avinash has joined as a Vice President of a manufacturing unit manufacturing garments. As a vice president, he was given the responsibility of increasing the production and efficiency of workers. He observed that managers relied on their personal judgement while attending to the problems they confronted. So, he recommended work study which will result in saving time, effort and increasing efficiency. He also noticed that management was not honouring their commitment. He surveyed the market too. His study of the survey showed that demand can be increased through diversification. He decided to diversify into footwear and handbags. He created divisions for garments, footwear and handbags and made the divisional managers responsible for performance. Each division is self-contained with respect to various functions like production, purchases, finance, marketing etc. Now he decided to fill the various positions created with the right person. For this, he analysed the number and type of workers needed. He got his organisation registered at naukri.com.
Identify the Concept used by Mr. Avinash when he analysed the need for number and type of workers required.
Workload analysis
Mr. Avinash's analysis of the need for the number and type of workers required aligns with "Workload analysis," which involves evaluating the tasks, activities, and staffing needs to ensure that the appropriate number of workers with the right skills are in place. Hence, the correct answer is (b) Workload analysis.
To reduce a given line or product to fixed types, sizes and characteristics is an objective of one of the techniques of Taylor. Identify that technique.
Match List-I with List-II
| List-I | List-II |
|---|---|
| (A) Time study | (I) Amount and frequency of rest intervals to complete a task |
| (B) Motion study | (II) Different wage rate for efficient and inefficient workers |
| (C) Fatigue study | (III) Study of various movements |
| (D) Differential piece wage system | (IV) Determining standard time taken for performing a well-defined job |
Which of the following combination of factors affecting capital structure are correct?
(A) Cost of debt, ROI, flotation costs
(B) Flotation costs, availability of raw material
(C) Level of competition, production cycle
(D) Cost of equity, Interest coverage ratio
(E) Risk consideration, flexibility
According to functional Foremanship "gang boss" is responsible for
What is the meaning of 'Esprit De Corps'?