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?
Option 1: Initiative
Option 2: Remuneration of personnel
Option 3: Unity of direction
Option 4: Division of labor
Correct Answer: Remuneration of personnel
Solution : The correct answer is (b) Remuneration of personnel
The principle of "Remuneration of personnel" emphasizes fairly compensating employees for their efforts and contributions to the organization. It involves providing appropriate wages, salaries, bonuses, incentives, and other forms of compensation to employees, ensuring they are fairly rewarded for their work. ABC Apparel Company's belief in treating its employees fairly and providing appropriate compensation aligns with this principle, demonstrating their commitment to valuing and rewarding their workforce.
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 range of trendy clothing options and outstanding customer service.
ABC Retailers' management team believes in maintaining transparency and open communication with employees. This reflects the management principle of:
Option 1: Centralization
Option 2: Unity of direction
Option 3: Scalar chain
Option 4: Openness
ABC Retailers' management team believes in providing opportunities for employee growth and development. This reflects the management principle of:
Option 1: Scalar chain
Option 2: Centralization
Option 3: Equity
Option 4: Initiative
ABC Retailers' management team believes in empowering employees to make decisions and take initiatives. This reflects the management principle of:
Option 1: Equity
Option 2: Authority and responsibility
Option 3: Flexibility
ABC Retailers' management team emphasizes the importance of teamwork and collaboration among employees. This reflects the management principle of:
Option 1: Authority and responsibility
Option 4: Team spirit
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