BUSINESS ADMINISTRATION
PRINCIPLES AND PRACTICE OF MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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remuneration
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motivation
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Equity
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Detailed explanation-1: -Employee satisfaction depends on fair remuneration for everyone. This includes financial and non-financial compensation. Centralization. This principle refers to how close employees are to the decision-making process.
Detailed explanation-2: -Remuneration – Employee satisfaction depends on fair remuneration for everyone. This includes financial and non-financial compensation. Centralization – This principle refers to how close employees are to the decision-making process. It is important to aim for an appropriate balance.
Detailed explanation-3: -Initiative Employees should be given the necessary level of freedom to create and carry out plans. Managers should encourage employees to take the initiative. In other words, they should allow the employees to plan for themselves and then let them carry out their planned actions.
Detailed explanation-4: -At the most fundamental level, management is a discipline that consists of a set of five general functions: planning, organizing, staffing, leading and controlling.
Detailed explanation-5: -What Is the Importance of the 14 Principles of Management? The principles of management allows managers to understand how to run an organisation. It also helps them to accomplish tasks and manage situations as and when they arise in the organisation.