"Employees deserve fair and just remuneration. But what is just and fair is determined by multiple factors. They include the contribution of the employee, the paying capacity of the employer and also the prevailing wage rate for the occupation under consideration."
The nature of principles of management depicted in the above is:
"Employees deserve fair and just remuneration. But what is just and fair is determined by multiple factors. They include the contribution of the employee, the paying capacity of the employer and also the prevailing wage rate for the occupation under consideration."
The nature of principles of management depicted in the above is:
Solution
✅ Correct Option: 1
The application of management principles is contingent, i.e., dependent on the prevailing situation. What constitutes fair remuneration is not fixed; it depends on the employee's contribution, the employer's paying capacity and prevailing wage rates. Since the principle's application changes with circumstances, the nature depicted is Contingent, not flexibility or cause-effect.
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