Incentive Plans Work When the Involve Money,but Generally Don't Work

question 134

True/False

Incentive plans work when the involve money,but generally don't work if they involve non-monetary rewards.

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Definitions:

Nominal Data

Data classified into distinct categories according to specified characteristics that cannot be ordered in a meaningful way.

Qualitative

Relating to, measuring, or measured by the quality of something rather than its quantity.

Categorical

Pertaining to data that can be divided into specific groups or categories that lack a natural ordering.

Nominal Variable

A type of variable that represents categories with no intrinsic ordering or ranking among them, used for classification or grouping.