ECONOMICS
INCENTIVES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Inside, like with satisfaction or joy.
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Outside, like with money or a promotion
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Both inside and outside, like writing a bestselling novel.
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In school.
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Detailed explanation-1: -Intrinsic rewards are internal factors that motivate employees to want to complete specific tasks and projects. These rewards are imparted by the psychological nature of our abilities, feelings, and actions. They include such things as personal satisfaction, pride, and self-esteem.
Detailed explanation-2: -An intrinsic reward is an internal reward that employees achieve from completing their tasks or projects successfully. These rewards are mostly psychological and are based on the effort and abilities of a person.
Detailed explanation-3: -Some examples of intrinsic motivation are: participating in a sport because it’s fun and you enjoy it rather than doing it to win an award. learning a new language because you like experiencing new things, not because your job requires it.
Detailed explanation-4: -Compensation, recognition, and bonuses are examples of intrinsic rewards.