Question

- Mr. Ram started a small business with limited investment, he hired labour and
them very less wages over the time with broad vision of Ram and hard work of his
employees. The business started earning very good revenue but with increase in
earning capacity of company also Ram did not increase the wages and salary of his
employees, they were not able to maintain a reasonable standard of living.
Identify the principle of management, overlook by Mr. Ram.
710

Answer 1

Answer:

Division of work, Balancing authority and responsibility,unity of command ,unity of direction ,esprite de crops

Answer 2

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Principle of remuneration as it states the comensation of employees depend on the earning capacity of the company and should given them reasonable standard of living.