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Question

Which of the following is a feature of an incentive and not a reward?

A Given to stimulate greater production Correct Answer Incorrect Answer
B Recognition of past performance Correct Answer Incorrect Answer
C Forward looking Correct Answer Incorrect Answer
D Providing cash for something done in past Correct Answer Incorrect Answer
E None of the above Correct Answer Incorrect Answer

Solution

An incentive is a motivating factor that encourages one to do something or perform. A reward is something given on achievement of a target/performance/ recognition of good behaviour. As such, incentive is forward looking and a promise for future, while reward is actual benefit received.

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