Question

Nick has been hired as the marketing director of a sporting goods manufacturing company. Classify his new job incentives as monetary or nonmonetary.

Answer 1

Monetary Incentive: salary increase, commission on every sale, and stock options

Nonmonetary Incentive: reduced work hours, friendly coworkers, and flexible work schedule

(just took quiz and got it right)

Answer 2

Monetary incentives are cash based reward that he recieved, such as :
- Higher Wages
- Stock Options
- Profit Sharing, etc

Non monetary incentives are the reward that are not related to cash, such as :
- More authority
- A better standing within the society
- more flexible work hours
- More Respect, etc

hope this helps