Practicing Success

Target Exam

CUET

Subject

Business Studies

Chapter

Directing

Question:
A works as a manager in XYZ Ltd. Besides the salary, the company offers him benefits such as free housing, medical aid and education to the children, etc. Identify the type of incentive being offered to him.
Options:
Perquisites
Pay and allowances
Both 1 and2
None of the above
Correct Answer:
Perquisites
Explanation:
Perquisites: In many companies perquisites and fringe benefits are offered such as car allowance, housing, medical aid, and education to the children, etc., over and above the salary. These measures help to provide motivation to the employees/ managers