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An incentive plan may consist of

A. Monetary

B. Nonmonetary

C. Both monetary and nonmonetary

D. None of the above

Answer: Option C

Solution(By Examveda Team)

An incentive plan may consist of both monetary and nonmonetary. Monetary rewards are the incentives which involve direct money to the employees. Non-Monetary rewards are the incentives which do not involve direct money to the employees. Non-Monetary rewards are usually given to all the employees of a certain level to offer them convenience and security.

This Question Belongs to Management >> Human Resource Management (HRM)

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