INTRODUCTION TO ENTREPRENEURSHIP
DEFINITION OF ENTREPRENEURSHIP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Commercial application-The provision of profits to customers, reward employees, and satisfy the stakeholders.
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True
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False
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Either A or B
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None of the above
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Explanation:
Detailed explanation-1: -Examples of employee rewards include increased vacation time, gift cards, bonuses, public recognition, and even small tokens of appreciation such as a free lunch or movie tickets.
Detailed explanation-2: -The purpose of the reward system is to attract, retain, and motivate qualified employees and to maintain a pay structure that is internally equitable and externally competitive.
Detailed explanation-3: -Intrinsic rewards. At the highest level, all rewards are either intrinsic or extrinsic. Extrinsic rewards. Extrinsic rewards are the other side of the coin. Financial rewards. Non-financial rewards. Employee incentives. Wellness-based rewards. 22-Nov-2022
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