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Question
Find the odd one.
Principle of Authority and Responsibility, Principle of Division of Work, Principle of Discipline, Principle of Indemnity.
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Solution
Principle of Indemnity.
Explanation:
- The principle of indemnity is a concept from insurance which states that the insured should not profit from an insurance claim but should be restored to approximately their financial position before the loss.
- The other three – Principle of Authority and Responsibility, Principle of Division of Work, and Principle of Discipline – are management principles, particularly from Henri Fayol’s 14 Principles of Management.
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