allery'Equity' in Fayol's principles refers to
AEqual salary for all (typical) (typical)
BFairness, justice and goodwill towards employees
CEqual voting rights for shareholders (typical)
DEqual share in profits (typical) (typical)
Answer & Solution
Correct answer: B. Fairness, justice and goodwill towards employees
1. Equity means treating employees with kindness and fair dealing.
2. It does not require identical pay; it requires impartial treatment.
3. It builds loyalty and a sense of justice in the workforce.
4. Hence (B) is correct.
_Source: Maharashtra Balbharati Std XII OCM, Ch 1 "Principles of Management", §1.2 ¶§1.2_
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