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Question
Write a word or phrase or a term which can substitute the following.
The principle of management explaining the importance of fair payment to workers.
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Solution
The principle of management explaining the importance of fair payment to workers: Principle of Remuneration
Explanation-
The principle of remuneration to employees states that compensation given to employees should be fair in the eyes of the employees as well the management. This implies that each person in the organisation should be given fair wage and salary this will help him/her maintain a decent standard of living.
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| Group A |
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| A) Henry Fayol |
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8) Harmony between the employee and management |
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Answer in one sentence.
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What is principle management?
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