14 Views

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

 


Team Careers360 12th Jan, 2024
Answer (1)
Team Careers360 13th Jan, 2024

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.

Related Questions

UPES Integrated LLB Admission...
Apply
Ranked #28 amongst Institutions in India by NIRF | Ranked #9 in India by QS University Rankings 2023
Jindal Global Law School Admi...
Apply
Ranked #1 Law School in India & South Asia by QS- World University Rankings | Merit cum means scholarships
Symbiosis Law School Pune Adm...
Apply
NAAC A++ Accredited | Ranked #5 by NIRF
Nirma University Law Admissio...
Apply
Grade 'A+' accredited by NAAC
Nirma University MBA Admissio...
Apply
Highest CTC 70 LPA | Avg CTC 11.22 LPA | Ranked #55 by NIRF
ISBR Business School PGDM Adm...
Apply
Ranked as Platinum Institute by AICTE for 5 years in a row | Awarded Best Business School of the Year
View All Application Forms

Download the Careers360 App on your Android phone

Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile

150M+ Students
30,000+ Colleges
500+ Exams
1500+ E-books