Final answer:
The field focused on analyzing work methods and creating time standards is known as Time Motion Study. It aims to optimize tasks to improve productivity and is a foundational element of industrial and organizational psychology.
Step-by-step explanation:
The field of study concerned with analyzing work methods and establishing time standards is known as C. Time Motion Study. This field, which can also be a component of industrial and organizational psychology, involves the systematic analysis of work systems and the establishment of time standards to improve efficiency and productivity. Time-motion studies aim to optimize the way tasks are performed and are often utilized to standardize work processes. These studies were pioneered by Frederick Taylor, who believed that time and motion studies could benefit both the company and its employees by improving output and wages, respectively. Taylor's work laid the foundation for what we now refer to as Time Motion Study, which is used to ensure that the best work standards are put into practice, enhancing the overall productivity and the fit between technology and the human operating it.