Target Exam

CUET

Subject

Business Studies

Chapter

Staffing

Question:
Promotion involves which of the following?
Options:
Financial Incentives
Non financial incentives
Both 1 and 2
None of the above
Correct Answer:
Both 1 and 2
Explanation:
Promotion involves increase in monetary benefits as well no financial incentives.
Non financial incentives refer to those incentives which help in satisfying psychological, social and emotional needs of an individual. Promotion of an individual in an organisation satisfies him psychologically as he gets a feeling of increase in status and authority etc.