Remuneration of Employees
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Question
Write the word or phrase or term which can substitute the following:
The principle of management explaining about fair payment to workers.
One Word/Term Answer
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Solution
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‘Adharshila Vidyalaya’ believes in holistic development of students and encourages team building through a mix of curricular, co-curricular and sports activities. On its Founders’ Day, a stage performance had to be put up. A committee of ten prefects was constituted to plan different aspects of the function. They all decided to use recycled paper for decoration. As there was a spirit of unity and harmony and all members supported each other with mutual trust and belongingness, the programme was systematically planned and executed. Arvind, one of the prefects, realised that unknowingly the group had applied one of the principles of management while planning and executing the programme. He was so inspired by the success of the function, that he asked his father to apply the same principle in his business. His father replied that he was already using this principle.
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State with reasons, whether the following statement is True or False:
Principles of management improve the efficiency of employees.
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what makes principles of management flexible ?
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Nature of management.
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