When We Say That Rewards Should Be Contingent on the Needs

question 193

True/False

When we say that rewards should be contingent on the needs of the worker, we mean that workers with different needs may require different rewards.

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Definitions:

Public Services

Services provided by the government to its citizens, often free of charge or at a subsidized rate, including education, healthcare, transportation, and law enforcement.

Purchasing Power

The ability of a consumer or a group of consumers to buy goods and services with their income at given prices.

Customized Products

Goods that are tailored or modified to meet the specific wants or needs of individual customers or clients.

Cost-Effective

Describes a process, method, or system that provides the best possible outcome or value for the money spent.