Question : When a manager gives the contract for supply of raw material to his friend or relative ignoring other parties who can supply the same at a cheaper rate. Which of the management principle is being violated in the given statement?
Option 1: Remuneration of employees
Option 2: Unity of command
Option 3: Subordination of individual interest to general interest
Option 4: Authority and responsibility
Correct Answer:
Subordination of individual interest to general interest
Solution : According to this principal interest of the organisation as a whole must prevail over the interest of the individuals or employees.This principle demands that each individual should sacrifice his personal interest for achieving organisational goals.
Hence, Option C is correct.
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