Question:
Explain the following principles of management:
(i) Unity of direction
(ii) Remuneration to employees
(iii) Equity
Explain the following principles of management:
(i) Unity of direction
(ii) Remuneration to employees
(iii) Equity
Show Hint
The principles of management are universal guidelines that help managers take sound decisions, meet environmental challenges, and ensure organizational effectiveness and discipline.
Updated On: Jan 13, 2026
Show Solution
Verified By Collegedunia
Solution and Explanation
(i) Unity of direction: This principle states that all efforts of the organization must be directed toward a common goal. Activities with the same objective should have one head and one plan to ensure coordination. (ii) Remuneration to employees: Remuneration should be fair and satisfactory to both employees and employers. It should reflect efforts and contributions while aligning with industry standards. Fair wages motivate employees and promote harmony. (iii) Equity: This principle emphasizes kindness, fairness, and justice in dealing with employees. Equity leads to a satisfied workforce and strengthens trust and commitment.
Was this answer helpful?
0
0
Top CBSE CLASS XII Business Studies Questions
What is the Planning Process?
- ................ is one of the most important attitudes of an entrepreneur, which is defined as the ability to continue to do something, even when it is difficult.
(A) Decisiveness
(B) Interpersonal skills
(C) Perseverance
(D) Taking initiative - Mention any four most common environmental barriers which an entrepreneur may face while running his/her venture.
- ____is the process of searching for prospective employees and stimulating them to apply for jobs in the organization.
‘Vishesh Constructions’, a construction company, decided to strictly implement ‘No Helmet, No Entry’ and put the following sign at their construction sites :
Identify the type of plan indicated by the above sign :
View More Questions
Top CBSE CLASS XII Principles of Management Questions
- Explain the following techniques of Scientific Management : (i) Fatigue study (ii) Differential piece wage system (iii) Standardisation and simplification of work
- Explain the following features of principles of management:
(i) Universal Applicability
(ii) Formed by Practice and Experimentation
(iii) Flexible - A multinational sweets and snacks company had been into catering business for the last many years. To add to its prospects and to grow in the long run, it wants to increase its sales volume, the number of products, and capital investment. The organisational objective of management it seeks to achieve is:
- With respect to levels of management, choose the incorrect statement from the following:
- Explain the following types of plans:
(b) Strategy
(ii) Method
(iii) Budget
View More Questions
Top CBSE CLASS XII Questions
- 2, b, c are in A.P. and the range of determinant $\begin{vmatrix}1&1&1\\ 2&b&c\\ 4&b^{2}&c^{2}\end{vmatrix}$ is [2, 16]. Then find range of c is
- A boy of mass 50 kg is standing at one end of a, boat of length 9 m and mass 400 kg. He runs to the other, end. The distance through which the centre of mass of the boat boy system moves is
- A capillary tube of radius r is dipped inside a large vessel of water. The mass of water raised above water level is M. If the radius of capillary is doubled, the mass of water inside capillary will be
- A circular disc is rotating about its own axis. An external opposing torque 0.02 Nm is applied on the disc by which it comes rest in 5 seconds. The initial angular momentum of disc is
- A circular disc is rotating about its own axis at uniform angular velocity \(\omega.\) The disc is subjected to uniform angular retardation by which its angular velocity is decreased to \(\frac {\omega}{2}\) during 120 rotations. The number of rotations further made by it before coming to rest is
View More Questions