Question : Statement 1: Non-financial incentives include financial rewards and bonuses.
Statement 2: Non-financial incentives impact employee motivation.
Option 1: Both statements are correct.
Option 2: Statement 1 is correct, and statement 2 is false.
Option 3: Both statements are incorrect.
Option 4: Statement 2 is correct, and statement 1 is incorrect.
Correct Answer: Statement 2 is correct, and statement 1 is incorrect.
Solution : The correct answer is (d) Statement 2 is correct, and statement 1 is incorrect.
Statement 1 is incorrect. Non-financial incentives are rewards or perks that are not in the form of direct financial compensation. They could be things like flexible work hours, recognition, training opportunities, or a better workspace. Financial rewards and bonuses, on the other hand, are considered financial incentives.
Statement 2 is correct. Non-financial incentives can indeed impact employee motivation by enhancing job satisfaction, improving work-life balance, boosting morale, and creating a positive work environment. These incentives focus on meeting employees' psychological and self-fulfillment needs rather than their financial needs.
Question : Statement 1: Non-financial incentives do not impact employee job satisfaction.
Statement 2: Non-financial incentives can enhance employee job satisfaction.
Question : Statement 1: Financial incentives are the only factors that motivate employees.
Statement 2: Various factors, including intrinsic motivation, impact employee motivation.
Question : Statement 1: Incentives always improve employee job satisfaction.
Statement 2: Incentives have no impact on employee job satisfaction.
Question : Statement 1: Financial incentives are the sole motivators for employees.
Statement 2: Intrinsic motivation plays no role in employee performance.
Question : Statement 1: Financial incentives can fulfill both physiological and self-actualization needs.
Statement 2: Financial incentives are effective only for addressing physiological needs.
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile