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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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