Question : Assertion: Financial incentives can fulfill both physiological and esteem needs.
Reason: Financial incentives provide job security and recognition, addressing different levels of 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: Both Assertion and Reason are true, and Reason is the correct explanation of Assertion.
Solution : The correct answer is (a) Both Assertion and Reason are true, and Reason is the correct explanation of Assertion.
The assertion is true. Financial incentives can indeed fulfill physiological needs by providing employees with the means to secure basic necessities like food, shelter, and healthcare. Additionally, financial incentives can fulfill esteem needs by providing recognition and validation of an employee's contributions and accomplishments in the workplace.
The reason is true and is the correct explanation for the assertion. Financial incentives can provide job security in the sense that they offer a stable income, and they also provide recognition through rewards, bonuses, promotions, or other forms of acknowledgment for an employee's efforts and performance. These aspects address different levels of needs, including physiological and esteem needs, as they contribute to both financial security and a sense of recognition and worth in the workplace.
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: Financial incentives are typically more effective than non-financial incentives in motivating employees.
Reason: Financial incentives directly address employees' physiological needs.
Question : Assertion: Non-financial incentives, like recognition and awards, can enhance employee motivation.
Reason: Non-financial incentives cater to esteem and self-actualization needs.
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.
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