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CSEET · Business Laws and Management · Principles of Management and Modern Approaches

Consider the statements about Fayol's principles: I. Remuneration of employees should be fair and afford satisfaction to both employees and the employer. II. Stability of tenure of personnel means employees should be frequently transferred to prevent complacency. III. Initiative means freedom to think out and execute a plan. Which statements are correct?

Only statements I and III are correct. Fayol supported fair remuneration and the exercise of initiative by employees. Stability of tenure actually means avoiding unnecessary turnover and giving employees job security, not frequent transfers.

  1. AI and II only
  2. BII and III only
  3. CI and III onlyCorrect
  4. DI, II and III

Explanation

Fayol advocated fair remuneration and encouraged initiative. Stability of tenure says unnecessary turnover should be avoided and employees given reasonable job security, so statement II is wrong.

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