Which principle of management puts emphasis on judicious application of penalties by the management?

Discipline

The correct answer is option 4- Discipline.

Discipline principle of management puts emphasis on judicious application of penalties by the management.

Discipline: Discipline is the obedience to organisational rules and employment agreement which are necessary for the working of the organisation. According to Fayol, discipline requires good superiors at all levels, clear and fair agreements and judicious application of penalties.