Q80
An incentive plan may consist of
A.
Monetary
B.
Nonmonetary
C.
Both monetary and nonmonetary
AnswerD.
None of the above
Answer: Option C
Solution
Answer: Option C
Solution:
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.