Answer in one sentence.
 |
| Answer in one sentence. Chapter 1: Principles of Management |
What is principle of unity of command?
Solution:
Each member of organization should receive orders from only one superior. This principle helps in managing conflicts and solving disputes among people in organization.
What is standardization of tools and equipments?
Solution:
Standardized working environment and methods of production help to reduce spoilage and wastage of material, cost of production, fatigue among the workers and it improves quality of work.
What is the differential wage rate?
Solution:
Remuneration should be fixed in such a way that average worker is motivated to attain a standard output.
What is Subordination of individual interest into organizational interest?
Solution:
According to this principle the interest of an individual must be given less importance than the interest of the organization.
What is the meaning of principle?
Solution:
"Principle is defined as a fundamental truth or proposition that serves as the foundation for a system of belief or behaviour or for a chain of reasoning." In simple words, techniques or systems which give one-directional result are called principles.
