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Question
An incentive plan may consist of
Options:
A .  Monetary
B .  Nonmonetary
C .  Both monetary and nonmonetary
D .  None of the above
Answer: Option C
An incentive plan may consist of both monetary and nonmonetary. Monetary rewards are the incentives which involve direct money to the employees. Non-Monetary rewards are the incentives which do not involve direct money to the employees. Non-Monetary rewards are usually given to all the employees of a certain level to offer them convenience and security.

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