Question : The principle of equity in management emphasizes:
Option 1: Fair treatment and justice for employees
Option 2: Preferential treatment for high-performing employees
Option 3: Discrimination based on seniority
Option 4: Unequal distribution of rewards
Correct Answer: Fair treatment and justice for employees
Solution : The correct answer is (a) Fair treatment and justice for employees.
The principle of equity in management emphasizes that employees should be treated fairly and justly within the organization. It promotes the idea that employees should be treated without bias or favoritism, and that their contributions and efforts should be recognized and rewarded fairly. Equity in management implies that employees should be given equal opportunities, resources, and access to benefits, and that decisions regarding promotions, rewards, and disciplinary actions should be based on objective criteria and merit rather than arbitrary factors.
Question : Some part of profits be given to employees as bonus on reasonable basis. Identify the principle of management being highlighted in the given statement?
Option 1: Initiative
Option 2: Discipline
Option 3: Remuneration of employees
Option 4: Equity
Question : Employee should be treated with justice and kindness. Identify the principle of management highlighted in the given statement?
Option 1: Authority and responsibility
Option 2: Initiative
Option 3: Order
Question : Which of the following is an example of the principle of equity in the management process?
Option 1: A manager giving preferential treatment to employees they are friends with
Option 2: A manager providing equal opportunities for training and development to all employees
Option 3: A manager favoring employees who are more productive than others
Option 4: A manager punishing employees who have made mistakes in the past
Question : Case Study: XYZ Pharmaceuticals advocates for managers to be kind and fair while maintaining firmness. Which principle of management does this represent?
Option 1: Scalar chain
Option 2: Order
Option 3: Unity of command
Option 4: Kindliness and justice
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 emphasizes the importance of teamwork and collaboration among employees. This reflects the management principle of:
Option 2: Unity of direction
Option 3: Equity
Option 4: Team spirit
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile