i. 5. i. What do you understand by time study and work measurement? ii. Explain the systematic procedure of time study. iii. Describe the equipment used for conducting time study. iv. A job has been sub-divided into 5 elements. The time for each element and respective rating are given below : Element Number Observed Time Rating Factor% 1 0.7 80 2 0.8 100 3 1.3 120 0.5 90 5 1.2 100 Calculate the normal time and standard time for each element and for the job if the allowances is 15%. 2+1+1 +6 Co2