ENTREPRENEURSHIP

ENTREPRENEURIAL OPERATIONS

CHAPTER 7 ENTREPRENEURIAL LEADERSHIP AND MANAGEMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which of the following is an example of an employer’s ability to give or withhold rewards?
A
position
B
reward
C
expert
D
identity
Explanation: 

Detailed explanation-1: -Reward power is the ability to reward others when they follow your wishes or instructions. For example, a manager may be able to reward raises, promotions, bonuses or even simple compliments to sales employees who meet their quotas. These rewards can increase employees’ incentive to perform.

Detailed explanation-2: -Monetary incentives include profit sharing, project bonuses, stock options and warrants, scheduled bonuses (e.g., Christmas and performance-linked), and additional paid vacation time. Traditionally, these have helped maintain a positive motivational environment for associates.

Detailed explanation-3: -Recognition and rewards. Referral programs. Professional development. Profit sharing. Health and wellness. Tuition reimbursement. Bonuses and raises. Fun gifts. More items •20-Oct-2020

There is 1 question to complete.