Final answer:
Herzberg's theory of motivation includes opportunities for recognition, advancement, or more responsibility as motivational factors, so the statement is true. These 'motivators' contribute to job satisfaction in contrast to 'hygiene factors' that can cause dissatisfaction.
Step-by-step explanation:
True, under Herzberg's theory of motivation, opportunities for recognition, advancement, or more responsibility are indeed considered. Herzberg's Motivation-Hygiene Theory, also known as the Two-Factor Theory, posits that certain factors in the workplace lead to job satisfaction while a separate set of factors cause dissatisfaction.
According to this theory, factors that lead to job satisfaction are called 'motivators' and include aspects such as recognition, career advancement opportunity, and the work itself. On the other hand, factors that lead to job dissatisfaction are called 'hygiene factors' and relate to conditions surrounding the job, such as company policies, supervisory practices, or salary.
Therefore, the belief that someone, like the businessman in the provided reference, may find intrinsic reward in hard work aligns with the notion that work itself, including the responsibility and achievement it entails, can be a motivator and source of satisfaction as outlined by Herzberg's theory.