Tuesday, December 5, 2023

Business studies Questions with answers

 Differences between Time study and motion study.


Ans)Time study and motion study are both techniques used to improve the efficiency of work processes. However, there are some key differences between the two.

Time study is concerned with measuring the amount of time it takes to complete a specific task. This information can then be used to set realistic production standards and to identify areas where work processes can be streamlined.

Motion study, on the other hand, is concerned with breaking down a task into its smallest components and analyzing each component to identify movements that can be eliminated or simplified. This information can then be used to develop more efficient work methods.

Here is a table summarizing the key differences between time study and motion study:





Feature

Time study

Motion study

Focus

Time

Movement

Goal

Set production standards

Identify and eliminate inefficient movements

Output

Time estimates

Motion sequences

Q)What is meant by liberalization?  Write two programs of liberalization of India.

Ans.Liberalization is the process of reducing government intervention in the economy. This can be done by removing restrictions on trade and investment, or by privatizing state-owned enterprises. Liberalization is often associated with economic growth, as it can lead to increased competition and innovation.

Two programs of liberalization of India:

  • Industrial de-licensing: This policy, introduced in 1991, removed the need for government approval to set up new industries.

  • Trade liberalization: This policy, also introduced in 1991, reduced tariffs and other barriers to trade.

Q)Write the characteristics of functional organization.


       Ans)   Characteristics of functional               organisation:

  • Departments are organized by function: This means that employees with similar skills and expertise are grouped together.

  • There is a clear hierarchy: Top managers oversee the work of lower-level managers, who in turn oversee the work of employees.

  • Communication is mostly top-down: Information and instructions flow from managers to employees.

  • There is a focus on efficiency: The goal is to streamline work processes and reduce costs.


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