Examlex

Solved

According to Henri Fayol's Principles of Management, Which of the Following

question 33

Multiple Choice

According to Henri Fayol's principles of management, which of the following refers to promoting a unity of interest between employees and management?


Definitions:

Incoming Partner

A new partner who is admitted to a partnership, often contributing capital or assets to the existing partnership.

Capital Balance

The amount of money that investors have contributed to a company plus retained earnings, less any withdrawals.

Fair Market Value

The price at which an asset would change hands between a willing buyer and a willing seller, neither being under any compulsion to buy or sell and both having reasonable knowledge of relevant facts.

Bonus

Additional compensation given to employees as a reward for their performance, typically cash or stock options.

Related Questions