UGC NET COMMERCE January 2017(Paper-II) Q2 Multiple Choice Questions

Option : B
Explanation : Social attitudes towards business and management determine how many people get attracted to private business as an activity and to management as a career. If business gets social sanction as a respectable profession, the occupational structure of a country will reflect a sizable category of professional managers. On the other hand, if more and more of the active labour force joins professional management, the social attitude towards business and its management also changes. If the workers cultivate an attitude of confrontation, rather than cooperation, with management, a repressive economic system may be needed to cope with industrial disorder. On the other hand, if the attainment of rapid economic growth is the target, the management must bring about a labour productivity revolution and the wages may be based on productivity of labour rather than profitability of business. To operate on productivity-based wages is cooperate on the system of incentives and positive attitudes of labour. The attainment of a specific economic objectives is, thus, conditioned by a specific social attitude and discipline.