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"In Taylor's Scientific Management, time study is conducted to determine the standard time required to perform a specific job. This helps in determining the number of workers needed, designing suitable incentive schemes, and calculating labor costs. By establishing a standard time, the management can ensure efficient planning and execution of tasks. It also provides a basis for evaluating and improving productivity.."
<https://edurev.in/t/73001/Chapter-2-Principles-Of-Management--Class-Notes--->