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Explain the following principle of management: Equity - Business Studies

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Explain the following principle of management:

Equity

What is the principle of equity in management?

What is the principle of equity as laid down by Henri Fayol?

Explain
Short Answer
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Solution

Management should be fair as well as friendly to the subordinates. While dividing the work, delegating the authorities, deciding the monetary terms, etc. There should not be any discrimination between the employees. It is also suggested that the remuneration should not depend on the department but at the level on which subordinates are working.

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Chapter 6: Principles of Management - EXERCISES [Page 162]

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C. B. Gupta Commerce Volume 2 [English] Class 12 ISC
Chapter 6 Principles of Management
EXERCISES | Q 3. | Page 162
C. B. Gupta Commerce Volume 2 [English] Class 12 ISC
Chapter 6 Principles of Management
EXERCISES | Q 18. | Page 162
C. B. Gupta Commerce Volume 2 [English] Class 12 ISC
Chapter 6 Principles of Management
QUESTION BANK | Q 7. | Page 164
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