Employees deserve fair and just renumeration but what is just, and fair is determined by multiple factors. They include contribution of the employee, Paying capacity of the employer and prevailing wage rate for the occupation under consideration. Which quality of Principles of Management is highlighted above?

Related MCQs

• Principles of management do not provide readymade solution to any problem but in dealing with a situation of conflict between two departments, a manager may emphasize the primacy of the organisational goal. Which Quality of Principles of management is highlighted above?
• Principles of division of work is applicable to a government office where there is a diary/dispatch clerk whose job is to receive and send mail, a data entry operator whose task is to input data on the computer. Division of work is also applicable to limited company where there are separate departments like productions, finance, research and development etc. Which quality of Principles of management is highlighted above?
• The degree of concentration of authority or its dispersal depend upon the situation and circumstances of each enterprise. Principles give enough discretion to manger to adjust according to situation. Which Quality of Principles of management is highlighted above?
• Management principles differ from pure science principles because management principles are
• Management Principles increase managerial efficiency as manager leave routine decision making to his subordinates and deal with expectional situations which require his expertise by following the Principles of delegation. Which Does the above case signify about management?
• Employee relationships are major element of occupation of
• Management principles are flexible whereas ______________ principles are rigid.
• Even a small production activity like loading pigs of iron into boxcars can be scientifically planned and managed. This can result in tremendous saving of human energy as well as wastage of time and materials. Which of the following Principles if management emphasize on above situation?
• “Authority is undermined, displine in jeopardy, order disturbed and stability threatened” Above statement is the violation of one of the principles of management.
• Identify the feature of co-ordination being highlighted in the given statement: “Coordination is not a one time function, it begins at the planning stage and continue till controlling.”