Practicing Success

Target Exam

CUET

Subject

Business Studies

Chapter

Directing

Question:

Read the following passage and answer question.

Mr. Thaapar is the General Manager of a company named XYZ Ltd. for 12 years. He manages 150 employees with his effective leadership, motivation and communication. He encourages his sub-ordinates in decision-making and respects everyone's ideas and opinions. Once, while passing by the production department, Mr. Thaapar overheard Mr. Rohan, foreman of production department, was discussing about his financial condition on phone with his friend. Mr. Thaapa• decided to give him the necessary help in near future in the upcoming appraisal in the form of increased incentive bonus. He also observed that Ms. Heena, Sr. Executive, is very much excited whenever she is given challenging work. Mr. Thaapar decided to reward her in the best possible way and hence he sent her an email stating about her promotion to a higher level. Which gave her more autonomy and power.

Mr. Thaapar decides to help Mr. Rohan in which form of Incentive ?

Options:

Job Security

Non-Financial

Financial

Job enrichment

Correct Answer:

Financial

Explanation:

The correct answer is option (3) : Financial

Job Security: Job security is an assurance or guarantee provided by an employer to an employee, assuring them that their position within the company is stable and that they will not face the risk of losing their job, except in cases of severe misconduct or unforeseen circumstances.

Non-Financial: Non-financial incentives are rewards or benefits provided to employees that are not directly related to monetary compensation. These can include recognition, appreciation, flexible work arrangements, increased autonomy, career development opportunities, or mentorship.

Financial: Financial incentives refer to monetary rewards provided to employees in addition to their regular salary or wages. These can include bonuses, commissions, profit-sharing, stock options, or other forms of monetary compensation.

Job Enrichment: Job enrichment refers to the process of enhancing an employee's job by adding more meaningful tasks, responsibilities, and challenges. This is aimed at providing employees with opportunities for personal growth, skill development, and a sense of achievement.