According to Chester Barnard, regarding the 'Contribution-Satisfaction Equilibrium' essential for an organization's survival, which of the following arguments is correct?
An organization survives only as long as it continues to give 'Specific Incentives' (like salary) in exchange for contributions.
The entire responsibility for maintaining balance in the organization lies solely with the subordinates.
If the satisfaction (Incentives) received by a member becomes less than the contribution made by them, the existence of the organization is endangered.
Material rewards (Money) are the only element that continues to motivate employees even beyond the subsistence level.
Boost your performance with adaptive practice tests
Practice every concept in the syllabus
Compare your speed and accuracy with your peers
Download the app and practice on the go