ECONOMICS
INCENTIVES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Rewards incentives that make people better off.
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Penalties that make people worse off.
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Either A or B
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None of the above
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Detailed explanation-1: -Rewards are positive incentives that make people better off.
Detailed explanation-2: -Positive incentives can include praise, bonuses, career advancements, earning extra vacation days, gift certificates and other monetary rewards.
Detailed explanation-3: -Extra paid time off is one of the most effective incentives for employees, and it can be good for business, too. Not only does this incentive provide a much-needed break for hard working employees, but it also boosts productivity for the long-term.
Detailed explanation-4: -Recognition and rewards. Referral programs. Professional development. Profit sharing. Health and wellness. Tuition reimbursement. Bonuses and raises. Fun gifts. More items •20-Oct-2020
Detailed explanation-5: -Compensation incentives. Compensation incentives tend to cover some of the more basic incentive options. Recognition incentives. Reward Incentives. Appreciation incentives.