ECONOMICS
INCENTIVES
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Sale
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Late fee
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Reward
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Fine
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Punishment
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Detailed explanation-1: -Negative incentives make people worse off and are called “penalties.” Losing TV time, not swimming, missing PE class, and time out are negative incentives. These are things you do not want to happen.
Detailed explanation-2: -A negative incentive would be that you won’t get a bonus unless you meet your target goal. The positive incentive gives employees a reward to work towards, while the negative incentive says there will be no reward unless employees meet their goals.
Detailed explanation-3: -Negative punishment is the opposite of positive punishment. It’s when you take something away from the child until the unwanted behavior changes. An easy example of negative punishment is taking away some sort of toy from the child if they are not staying on task or performing the preferred behavior.
Detailed explanation-4: -Compensation incentives. Compensation incentives tend to cover some of the more basic incentive options. Recognition incentives. Reward Incentives. Appreciation incentives.