Question

What does Fayol suggest is a fair way to recognize the cost of living and business conditions while rewarding exceptional efforts?

a.

Paying fixed salaries

b.

Providing extra vacation time

c.

Using bonuses and profit sharing

d.

None of the above

Answer: (c).Using bonuses and profit sharing Explanation:According to Fayol, fair remuneration should include methods such as bonuses, profit sharing, job rates, etc. that recognize the cost of living and business conditions while also rewarding exceptional efforts.

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Q. What does Fayol suggest is a fair way to recognize the cost of living and business conditions while rewarding exceptional efforts?

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