Question

Evaluate the following statements regarding Fayol's principles of management:

1. The principle of Discipline primarily ensures that all employees are treated with justice and kindness, which fosters a friendly atmosphere and loyalty to the firm.
2. The principle of Remuneration states that a fair day's pay for a fair day's work should be provided, taking into account the cost of living, the work's nature, and the employee's merit.
3. Both the principles of Discipline and Remuneration are crucial for maintaining the stability and morale of the workforce, directly impacting the organization's efficiency.

• A. 3 only
• B. 2, 3
• C. None of these
• D. All

Answer 1

Answer:

B. 2, 3

• The statement describes the principle of Equity, which is about fair and just treatment for all employees. The principle of Discipline is about obedience to authority and the rules of the organization, which is essential for the smooth functioning of the business.