Work-study investigates the work done in an organization and it aims to find the most effective way of using industrial resources like man, material, machinery, money, etc. Every company wants to achieve the best qualities of the product with the minimum possible time.
It is a method of budgeting, whereby all the expanses for the new period are calculated based on actual expenses that are to be incurred and not on the differential basis which involves, just changing the expense incurred taking into account change in operational activity.
What is the major difference between leadership and management? While many of you may think that manager is also a leader so, these two terms mean the same thing, but actually not. The terms “management” and “leadership” are often used interchangeably.
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