Non-financial incentives include:
(A) Job Security
(B) Retirement Benefits
(C) Co-partnership
(D) Employee participation
Choose the correct answer from the options given below:
Non-financial incentives include:
(A) Job Security
(B) Retirement Benefits
(C) Co-partnership
(D) Employee participation
Choose the correct answer from the options given below:
Solution
Option 1 -> (A), (B) and (D) only - Incorrect because retirement benefits are financial incentives involving monetary compensation like pension and gratuity, not non-financial.
Option 2 -> (A), (B) and (C) only - Incorrect because both retirement benefits and co-partnership are financial incentives involving direct monetary value or profit sharing.
Option 3 -> (A) and (B) only - Incorrect because retirement benefits are financial incentives providing monetary returns after retirement.
Option 4 -> (A) and (D) only - Job security provides psychological stability without monetary reward, and employee participation gives workers a voice in decision-making for motivation, both are non-financial incentives.
Hence, Option 4: (A) and (D) only -> Job security and employee participation are non-financial incentives as they provide psychological satisfaction, stability, and recognition without involving direct monetary compensation. Retirement benefits and co-partnership are financial incentives as they involve monetary returns and profit sharing. -> correct
Related questions:
2025: 15 May Shift 1
2025: 15 May Shift 2
2022: 28 May Shift 2
2025: 21 May Shift 1