Question : Case Study: XYZ Apparel Company believes in providing fair and equitable compensation to its employees. This aligns with which principle of management?
Option 1: Unity of command
Option 2: Division of labor
Option 3: Esprit de corps
Option 4: Remuneration of personnel
Correct Answer: Remuneration of personnel
Solution : The correct answer is (d) Remuneration of personnel.
The principle of remuneration of personnel emphasizes the importance of fairly compensating employees for their work and contributions to the organization. This includes providing appropriate wages, salaries, incentives, and benefits that are in line with industry standards and commensurate with an individual's skills, responsibilities, and performance. Ensuring fair compensation contributes to employee satisfaction, motivation, and overall organizational effectiveness.
Question : Case Study: ABC Apparel Company believes in treating its employees fairly and providing them with appropriate compensation. This aligns with which principle of management?
Question : Case Study: ABC Retailers
ABC Retailers is a chain of stores specializing in fashion apparel. They have a hierarchical management structure with top management, middle-level management, and lower-level management. The company aims to provide a wide
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile