Question

Authority, responsibility, rewards, perquisites and prestige of job etc. indicate which of the following non-financial incentives given to a person holding a managerial position ?

• A. Job Enrichment
• B. Job security
• C. Status
• D. Organisational climate

Hint:

Rank, authority, organizational prestige, and high-level perks are the defining characteristics of Status as an incentive.

Answer 1

The Correct Option is C

Step 1: Identify the concept.
Authority, responsibility, rewards, perquisites, and prestige of a job are being described, and the question asks which non-financial incentive this represents.
Step 2: Recall the non-financial incentives.
Job enrichment adds variety and challenge to work, job security offers stability of employment, organisational climate is the general internal work environment, and status is the rank, authority, and prestige a person holds because of their position.
Step 3: Match the clues.
Authority, responsibility, perquisites, and prestige are all elements of the rank a person occupies in the organisation, which is precisely what status refers to.
Step 4: Conclude.
Final answer: Option 3, status.