Association of Chartered Certified Accountants (ACCA) Certification Practice Test

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What type of reward is characterized as coming from within the individual?

Extrinsic
Intrinsic
Monetary
Social

The correct answer is: Intrinsic

Intrinsic rewards are those that come from within the individual, stemming from personal satisfaction, enjoyment, or fulfillment derived from completing a task, achieving a goal, or engaging in an activity. For instance, a person may feel a sense of pride or pleasure in their work or in mastering a new skill, which exemplifies the personal, internal nature of intrinsic rewards. These types of rewards are crucial in motivating individuals, as they often lead to greater engagement, creativity, and perseverance. Unlike extrinsic rewards, which are tangible and come from external sources such as money, promotions, or praise from others, intrinsic rewards are based on internal feelings and self-fulfillment. This concept highlights the importance of personal values, interests, and goals in driving motivation and satisfaction in both personal and professional contexts. In contrast, extrinsic rewards are influenced by external factors and may not be as effective in ensuring long-term motivation when compared to the internally-driven motivation provided by intrinsic rewards. Social rewards typically involve recognition or approval from others, while monetary rewards are financial incentives, both of which do not originate from the individual's psyche.