Question
In order to reduce the cost, an organisation is planning the following:
(a) To reduce the charities to the social and religious institution.
(b) To arrange skilled workers from outside inspite of semi-skilled local employees.
(c) To increase the working hours.
(d) To increase the rate of remuneration. Which value will be affected by the decisions?
Solution
(i) Reduction in social responsibilities due to non-cooperation in social work.
(ii) Increase in production due to efficient employees.
(iii) Deterioration in Health of employees due to prolonged working hours.
(iv) Reduction in employment opportunities for local persons.
(v) Increase in salary will increase social respect/standard of living.
