Final answer:
Personal rewards are the intrinsic benefits business owners receive by structuring their life to meet their personal needs and preferences. These may include work-life balance, job satisfaction, and the pursuit of personal values over financial gains.
Step-by-step explanation:
The correct answer to the given question, "__________ rewards are the ability of business owners to structure life in the way that suits their needs best." is B. Personal rewards. This category of rewards encompasses the freedom and ability to make choices that align with one's personal values and lifestyle preferences. It refers to the intrinsic value that is associated with having control over one's professional life, allowing for decisions regarding work-life balance, type of work, and the manner in which one conducts business.
The idea that personal choice and freedom are rewarded when one can structure their life according to their own needs is crucial to understanding the morale and motivation behind self-employment or entrepreneurship. Rather than the direct pursuit of financial gain, personal rewards can include satisfaction from allocating time to family, contributing to society, and pursuing personal interests.
For instance, a person may prefer to earn less to have more time with family or to engage in a profession that offers fulfillment beyond monetary compensation, such as teaching or social work. These types of personal rewards underscore the importance of autonomy and are often a major factor behind overall job satisfaction.