Question

Explain ‘pay and allowances ‘ and ‘ co-partnership ‘ as a financial incentive​

Answer 1

Answer:

A financial incentive is money that a person, company, or organization offers to encourage certain behaviors or actions. ... The financial incentive, or monetary benefit, motivates certain behaviors or actions. A financial incentive may be a monetary benefit that a company offers its customers or employees.

Explanation:

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Answer 2

Answer:

Pay and Allowances:

Salary is the basic monetary incentive for every employee. Beside basic salary, it also includes dearness allowance, travelling allowance and at times some other allowances too. It also consists of continuous increment in the pay every year and increase in allowances from time to time.