BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Being paid to do a job is an example of extrinsic motivation. You may enjoy spending your day doing something other than work, but you’re motivated to go to work because you need a paycheck to pay your bills. In this example, you’re extrinsically motivated by the ability to afford your daily expenses.

Detailed explanation-2: -A motivator can be both intrinsic and extrinsic: Money is extrinsic, but the satisfaction of providing for one’s family is intrinsic. Both motivators are critical to success.

Detailed explanation-3: -Extrinsic rewards are usually financial or tangible rewards given to employees, such as pay raises, bonuses, and benefits. They are extrinsic because they are external to completing the work itself and are controlled by people other than the employee.

Detailed explanation-4: -High salaries, periodic pay raises, promotions and cash bonuses are great ways to extrinsically motivate employees.