Business Studies · Principles of Management
The principles of Taylor and Fayol are mutually complementary. While Taylor believed that management should share gains with workers, Fayol suggested that employee compensation should depend upon the earning capacity of the company and give them a reasonable standard of living. Which principle of Fayol is being highlighted here?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Remuneration of Personnel✓
- 2Equity
- 3Esprit de corps
- 4Discipline
Correct answer
Remuneration of Personnel
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