ENTREPRENEURIAL OPERATIONS
HUMAN RESOURCE MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Pay rise
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Bonus
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Piecerate
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Praise
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Detailed explanation-1: -Non-financial methods of motivation include job enlargement, job rotation, job enrichment, empowerment and training. Job enlargement involves employees being provided with additional tasks as part of their daily role, for example a shop worker may work on both the tills and stacking shelves.
Detailed explanation-2: -The other three options as given in the question, that is, promotion, job security and employee participation are non-financial incentives that focus on psychological and social needs of the employees.
Detailed explanation-3: -The main methods of financial motivation used in business are remuneration, bonuses, commission, promotion and fringe benefits.
Detailed explanation-4: -Job enrichment and employee recognition programmes are non-financial incentives.