Question : Case Study: XYZ Apparel Company believes in providing fair and equitable compensation to its employees. This aligns with which principle of management?
Option 1: Unity of command
Option 2: Division of labor
Option 3: Esprit de corps
Option 4: Remuneration of personnel
Correct Answer: Remuneration of personnel
Solution : The correct answer is (d) Remuneration of personnel
The principle of "Remuneration of personnel" in management emphasizes providing fair and equitable compensation to employees for their efforts and contributions to the organization. It involves offering appropriate wages, salaries, bonuses, incentives, and other forms of compensation to ensure that employees are fairly rewarded for their work. XYZ Apparel Company's belief in providing fair and equitable compensation aligns with the principle of remuneration of personnel, reflecting their commitment to valuing and compensating their workforce appropriately.
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