ECONOMICS
INCENTIVES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Something that makes you want to do something
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A job you do for someone
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Either A or B
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None of the above
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Detailed explanation-1: -1. stimulating one to take action, work harder, etc.; encouraging; motivating. noun. 2. something that stimulates one to take action, work harder, etc.; stimulus; encouragement.
Detailed explanation-2: -1. something that incites or tends to incite to action or greater effort, as a reward offered for increased productivity. adjective. 2. inciting, as to action; stimulating; provocative.
Detailed explanation-3: -Definition of Incentive Incentive in simple terms is something that encourages a person or organization to do or achieve something. It is something that incites or has a tendency to incite a determination.
Detailed explanation-4: -Incentives themselves are rewards and benefits used to motivate positive behaviors in your workforce. They come in many forms, like tuition reimbursement, more time off, and additional flexibility in work arrangements.
Detailed explanation-5: -Economic Incentives – Material gain/loss (doing what’s best for us) Social Incentives – Reputation gain/loss (being seen to do the right thing) Moral Incentives – Conscience gain/loss (doing/not doing the ‘right’ thing) 15-Jun-2014