Question : Assertion: Financial incentives can be used to address higher-level needs in Maslow's hierarchy.
Reason: Financial incentives are limited to addressing only physiological needs.
Option 1: Both Assertion and Reason are true, and Reason is the correct explanation of Assertion.
Option 2: Both Assertion and Reason are true, and Reason is not the correct explanation of Assertion.
Option 3: Assertion is true, but Reason is false.
Option 4: Assertion is false, but Reason is true.
Correct Answer: Assertion is true, but Reason is false.
Solution : The correct answer is (c) Assertion is true, but Reason is false.
Maslow's hierarchy of needs is a psychological theory that categorizes human needs into a pyramid with five levels, arranged in a hierarchy. From the base to the top, these levels are: physiological needs, safety needs, social needs, esteem needs, and self-actualization needs.
The assertion is true to some extent. Financial incentives can address certain higher-level needs, especially those related to safety and security, as well as social and esteem needs. For example, financial incentives in the form of salary, benefits, or bonuses can contribute to a sense of financial security and stability (safety needs) and enhance one's social standing and recognition (esteem needs) within a community or organization.
The reason is false, as financial incentives can go beyond physiological needs (such as food, water, and shelter) and extend to addressing safety, social, and esteem needs as mentioned above. Financial incentives can provide a sense of security, social connection, and recognition, which are aspects of higher-level needs in Maslow's hierarchy.
Question : Assertion: Financial incentives can fulfill both physiological and esteem needs.
Reason: Financial incentives provide job security and recognition, addressing different levels of needs.
Question : Assertion: Financial incentives are typically more effective than non-financial incentives in motivating employees.
Reason: Financial incentives directly address employees' physiological needs.
Question : Assertion: Financial incentives are effective in addressing both physiological and social needs.
Reason: Financial incentives provide job security and interpersonal recognition.
Question : Assertion: Financial incentives are effective in fulfilling physiological needs.
Reason: Physiological needs are concerned with recognition and appreciation from peers.
Question : Assertion: Job security falls under physiological needs according to Maslow's hierarchy.
Reason: Physiological needs involve basic survival needs like food and shelter.
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