ECONOMICS
TECHNOLOGY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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the opposite of a tradeoff
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it could be a reward but could not be a penalty
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it could be either a reward or a penalty
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it could be a penalty but could not be a reward
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Detailed explanation-1: -Penalties tend to stop undesired behavior, while incentives encourage and reward positive behavior. Smart executives recognize this distinction when defining objectives and performance measures for individuals. If basic expectations aren’t met, consequences are suffered.
Detailed explanation-2: -Incentives themselves are rewards and benefits used to motivate positive behaviors in your workforce.
Detailed explanation-3: -: something that incites or has a tendency to incite to determination or action.
Detailed explanation-4: -The definition of an incentive is: a thing that motivates or encourages one to do something. Put in simple terms, a reward is something which is actually given to an employee, whereas an incentive is a motivating factor. For example, if you give one of your employees a gift for their hard work, that is a reward.