Which statement about incentives is TRUE?
A) Each person is motivated by the same incentive.
B) Each person is motivated by different incentives.
C) Incentives can be manipulated with precision.
D) Price is the only relevant economic incentive.

Question

Quizplus · Accepted Answer

Each person is motivated by different incentives. People have different needs, wants, and goals, which drive them to pursue certain incentives. For example, some people may be motivated by monetary incentives, while others may be motivated by recognition, personal satisfaction, or the desire to help others. It is important for organizations and policymakers to understand these differences in order to design effective incentive programs.

Which Statement About Incentives Is TRUE