Equity as a principle suggests:
APaying higher salaries to top management only
BTreating all employees fairly and with kindness
CApplying strict rules with no exceptions
DHiring only from certain backgrounds
No.1 PSC Learning App
★
★
★
★
★
Related Questions:
Identify the key components of a system as described in the Systems Approach to Management.
- Input, Process, Output, Feedback, and Environment are the fundamental elements.
- Only Input and Output are considered crucial components.
- Environment and Feedback are external factors not integral to the system's core.
- Process is the transformation phase where inputs are converted into outputs.
Sakichi Toyoda’s Toyoda Precepts emphasized values such as:
What was the posthumously published article "Not for the genius but for the average man" intended to highlight about Taylor's legacy?
Consider the following statements: Which is/are correct?
- Standardisation refers to setting benchmarks for process, products, and machinery.
- Simplification aims at eliminating unnecessary diversity of products, leading to cost savings.
- Introducing more product varieties increases efficiency.
According to Fayol, what is the main reason why the company's objective must prevail over individual interests?