According to this principle of scientific management ldquo Scientific management has for its foundat...........

Management ( Phase -I & II) General Management

According to this principle of scientific management, “Scientific management has for its foundation the firm conviction that true interest of the management and workers are one and the same; the prosperity for the employer cannot exist for a long time unless it is accompanied by prosperity for the employees and vice versa.”

Science, not rule of thumb

Co-operation, not individualism

Harmony, not discord

All of the above

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Explanation:

- Science, not rule of thumb: This principle emphasizes using scientific methods for decision-making instead of relying on intuition or past practices.

- Co-operation, not individualism: Encourages teamwork between management and workers to achieve common goals, emphasizing collaboration over personal gains.

- Harmony, not discord: Focuses on aligning the interests of management and workers, ensuring mutual prosperity and minimizing conflicts.

- All of the above: This option would imply all the principles are relevant to the statement provided, but they are specific to different aspects of scientific management.

- Answer: Harmony, not discord is the principle that aligns with the statement about shared prosperity between management and employees.