Contract incentives are often used when the buyer wants the seller to meet some defined project metrics, such as finishing the project early, providing a higher level of quality or more features, or anything else that the buyer wants to maximize and is willing to pay for. true or false?

Question

Business

Jordon Kirk

12 June, 16:43

Contract incentives are often used when the buyer wants the seller to meet some defined project metrics, such as finishing the project early, providing a higher level of quality or more features, or anything else that the buyer wants to maximize and is willing to pay for. true or false?

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Answers (1)

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Aliza Simmons · Answer 1

The correct answer is True

Explanation:

For the economy, an incentive is a stimulus that is offered to a person, a company or a sector with the objective of increasing production and improving performance. For example: a worker is offered an incentive of $200 a month if he can reach a certain sales quota. An incentive for a company could be the tax cut in case you hire new workers.

Human action is usually governed by incentives, many of which exist at the unconscious level. Each time a person performs a certain activity, he does so with an end that, in one way or another, will provide satisfaction. This end is the incentive that mobilizes the action.