Which term refers to something given in recognition of effort or return for something achieved?

Enhance your preparation for the IGCSE Enterprise Test. Familiarize yourself with key concepts through interactive flashcards and multiple-choice questions, each explained with useful hints. Achieve proficiency with our engaging study resources.

Multiple Choice

Which term refers to something given in recognition of effort or return for something achieved?

Explanation:
The term that best fits the description of something given in recognition of effort or as a return for something achieved is "reward." A reward is typically offered to acknowledge and appreciate someone's contributions, accomplishments, or hard work. It serves as a form of recognition that reinforces positive behaviors or outcomes and can take various forms, including monetary bonuses, trophies, certificates, or other forms of acknowledgment. Incentives, while related, generally refer to something that motivates or encourages someone to take a specific action in the first place, rather than what is given after an achievement. Compensation usually pertains to payment or remuneration given for work or services rendered, often focusing on financial aspects rather than the recognition of effort. Benefits commonly refer to additional perks or advantages provided to employees, such as health insurance or retirement plans, rather than direct acknowledgment of achievements. Thus, the term "reward" most accurately captures the essence of recognizing effort or achievement.

The term that best fits the description of something given in recognition of effort or as a return for something achieved is "reward." A reward is typically offered to acknowledge and appreciate someone's contributions, accomplishments, or hard work. It serves as a form of recognition that reinforces positive behaviors or outcomes and can take various forms, including monetary bonuses, trophies, certificates, or other forms of acknowledgment.

Incentives, while related, generally refer to something that motivates or encourages someone to take a specific action in the first place, rather than what is given after an achievement. Compensation usually pertains to payment or remuneration given for work or services rendered, often focusing on financial aspects rather than the recognition of effort. Benefits commonly refer to additional perks or advantages provided to employees, such as health insurance or retirement plans, rather than direct acknowledgment of achievements. Thus, the term "reward" most accurately captures the essence of recognizing effort or achievement.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy