Question : Statement 1: Financial incentives are the sole motivators for employees.
Statement 2: Intrinsic motivation plays no role in employee performance.
Option 1: Both statements are correct.
Option 2: Statement 1 is correct, and statement 2 is false.
Option 3: Both statements are incorrect.
Option 4: Statement 2 is correct, and statement 1 is incorrect.
Correct Answer: Both statements are incorrect.
Solution : The correct answer is (c) Both statements are incorrect.
Statement 1 is incorrect. Financial incentives, while important, are not the sole motivators for employees. In addition to financial rewards, employees are motivated by intrinsic factors such as job satisfaction, a sense of purpose, opportunities for growth, recognition, and a positive work environment.
Statement 2 is also incorrect. Intrinsic motivation, originating from within an individual and driven by factors like personal interest, a sense of achievement, and the enjoyment of the work itself, is a fundamental driver of employee performance. Intrinsic motivation significantly influences how employees approach their work, their level of engagement, and ultimately, their performance.
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