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: -Equity. Equity means combination of fairness, kindness & justice. The employees should be treated with kindness & equity if devotion is expected of them. It implies that managers should be fair and impartial while dealing with the subordinates.
Detailed explanation-2: -Equity. Equity is a combination of kindness and justice. This principle states that managers should use kindliness and justice towards everyone they manage. This creates loyalty and devotion among the employees towards the organization they work for.
Detailed explanation-3: -For example, for the Head of a Sales Department a cabin is allotted, for typist a single table and for a foreman a proper area should be allotted to supervise workers. These individuals should remain in their allotted to supervise workers.
Detailed explanation-4: -According to the principles of equity, all employees should be given same treatment. The principle of equity states that fair treatment should be given to each of the subordinates by the superiors in any organisation.