Which of the following is TRUE of incentives?
A) Different people are motivated by different incentives.
B) Money is the only measure of incentives.
C) All of the people in a particular nation are motivated by the same incentives.
D) In economics, people are assumed to respond to disincentives instead of incentives.

Question

Quizplus · Accepted Answer

Different people are motivated by different incentives, and there is no one-size-fits-all incentive that can motivate every person. People have their preferences and values, and incentives may work differently for each individual. For example, some people may be motivated by money, while others may prefer recognition or flexible work arrangements. This highlights the importance of identifying the right incentives for specific groups of people to improve their performance, productivity, and satisfaction.

Which of the Following Is TRUE of Incentives