Wages, salaries, bonus, vacation pay, insurance are examples of _________.
A. financial motivation
B. non-financial motivation
C. extrinsic motivation
D. intrinsic motivation
Answer: Option A
Solution(By Examveda Team)
Examples of financial motivation include wages, salaries, bonus, vacation pay, and insurance. Financial motivation involves the use of monetary rewards and incentives to encourage employees to perform well and achieve specific goals. These forms of compensation are directly tied to an individual's financial well-being and are designed to provide tangible benefits that contribute to their overall income and financial stability.Option B: non-financial motivation
This option is incorrect. Non-financial motivation refers to rewards and incentives that are not monetary in nature, such as recognition, opportunities for personal growth, and a positive work environment.
Option C: extrinsic motivation
This option is incorrect. Extrinsic motivation involves external factors, including both financial and non-financial rewards, that drive individuals to engage in certain behaviors or activities.
Option D: intrinsic motivation
This option is incorrect. Intrinsic motivation refers to the internal drive and personal satisfaction that individuals derive from performing a task or activity. It is not directly related to financial compensation.
The correct answer is Option A: financial motivation, as the examples provided are all related to monetary rewards and incentives.
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But we were taught that there are two types of motivation and they include extrinsic and intrinsic motivation. Extrinsic are the outer motivation such as the wages, salaries and the intrinsic are what the employee says to him or herself to boost his performance like encouragement.