Question : Rajesh is the purchaser manager of a company has to purchase 55 tones of raw material. He purchase the raw material from a firm owned by his relative at a rate more than the market price. Which principle of management is being violated in the given statement?
Option 1: Subordination of individual interest to general interest
Option 2: Scalar chain
Option 3: Order
Option 4: None of the above
Correct Answer: Subordination of individual interest to general interest
Solution : According this principle interest of the organisation as the whole must reveal over the interest of the individuals or employees. Organisation superior to individuals,in case individual interest and organisation interest differ it is the duty of the management to reconcile them.
Hence, option A is correct.
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