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Business Studies · 2023 · 4 marks
CBSE 2023 · Region 5 · Set 1 · Q27
Mahamana Enterprises is not only giving salary to its employees but it also offers bonus to them over and above the salary. To further encourage the…
Mahamana Enterprises is not only giving salary to its
employees but it also offers bonus to them over and above the
salary. To further encourage the employees, it announced that it
will provide a share in the profits of the company to them. These
incentives are helpful in increasing the purchasing power of the
employees.
State four other incentives of the type of incentive discussed in
the above para.
Marking-scheme solution
Four other incentives of the type of incentive discussed in the
above para are as follows:
(i)
Productivity linked wage incentive involves linking payment of
wages of employees to the increase in their productivity at
individual or group level.
(ii)
Co-partnership/Stock option is an incentive under
which the employees are offered company shares at a set
price which is lower than market price.
(iii)
Retirement Benefits include benefits such as provident
fund, pension and gratuity that provide financial security to
employees after their retirement.
(iv)
Perquisites include incentives such as car allowance,
housing, medical aid and education to the children etc.,
which are offered over and above the salary.
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CBSE Class 12 Business Studies past-paper question from the 2023 board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.