Quiz on Money and Motivation

What is one of the primary functions of money in an economy?

• Social Status

• Cultural Identity

• Emotional Support

• Medium of Exchange

According to Maslow's Hierarchy of Needs, which need is fulfilled by money?

• Self-Actualization

• Cognitive

• Esteem

• Love/Belonging

What type of motivation is driven by internal rewards?

• Financial Motivation

• Social Motivation

• Intrinsic Motivation

• Extrinsic Motivation

In Herzberg's Two-Factor Theory, which of the following is considered a hygiene factor?

• Recognition

• Responsibility

• Achievement

• Salary

What is a potential risk of over-reliance on monetary compensation?

• Higher productivity

• Enhanced team dynamics

• Employee burnout

• Increased job satisfaction

What does Self-Determination Theory emphasize?

• The importance of financial rewards

• Intrinsic versus extrinsic motivation

• The necessity of job security

• The role of competition in the workplace

What is one practical strategy for using money as motivation?

• Implementing fixed salaries only

• Encouraging autonomy

• Limiting feedback opportunities

• Focusing solely on monetary rewards

What is the diminishing returns of money concept?

• Higher salaries always improve job satisfaction

• Money is the only motivator in the workplace

• Increased salary has less effect after basic needs are met

• More money always leads to more motivation

Which of the following is NOT a type of motivation discussed?

• Social Motivation

• Extrinsic Motivation

• Intrinsic Motivation

• Financial Motivation

What is a key aspect of motivation in the workplace?

• It only affects job performance

• It influences job performance and employee satisfaction

• It is solely based on monetary rewards

• It is irrelevant to organizational effectiveness