Individual reward schemes have which of the following advantages?
i. They relate to individual effort.
ii. They reward only good performers.
iii. They discourage dysfunctional competition between individuals.

A) i and ii
B) i and iii
C) ii and iii
D) None of the given answers

Individual Reward Schemes

Reward systems tailored to compensate or motivate individual employees, typically based on their performance or achievements.

Dysfunctional Competition

A market scenario where competition results in negative outcomes, such as reduced innovation or harm to consumers or businesses.

Individual Effort

The personal exertion or endeavor by an individual to accomplish a task or achieve a goal.