(a) Yes 

(b) Financial and Non Financial Incentives:

Incentive means all measures which are used to motivate people to improve performance.

These incentives maybe Financial Incentives:

Financial incentives refer to incentives which are in direct monetary form or measurable in monetary term and serve to motivate people for better performance.

Financial incentives are:

(a) Pay and allowances :

It includes basic pay, dearness allowances and other allowances.

(b) Commission:

Under this system, a sales person is guaranteed a minimum wage as well as commission on sales. A commission plan motivates him to work better.

(c) Bonus :

Bonus is an incentive offered over and above the wages/salary to the employees. 

(d) Profit Sharing:

Profit sharing is meant to provide a share to employees in the profits of the organisation.

(e) Co-partnership/ Stock option :

Under these incentive schemes, employees are offered company shares at a price which is lower than market price. 

(f) Retirement Benefits :

Several retirement benefits such as provident fund,, pension, and gratuity provide financial security to employees after their retirement.

(g) Perquisites:

It includes car allowance housing, medical aid, and education to the children, etc., over and above the salary.