Statement: The company has recently announced a series of incentives for employees who are punctual and sincere. Assumptions: I. Employees who are currently not punctual may be motivated by the announcement. II. The company's productivity may increase as a result. III. The company's profit may exceed the total expenditure on the incentive programme.

Introduction / Context:
Organizations announce incentives to shape behaviour and improve outcomes. The statement says incentives target punctual and sincere employees. We must decide which assumptions are necessary for such an announcement to make sense.

Given Data / Assumptions:

• Incentives are tied to punctuality and sincerity.
• No explicit guarantee about profits is provided.
• Behavioral response to incentives is expected.

Concept / Approach:
An assumption is a tacit belief without which the action would be pointless. We test each candidate by asking: if it were false, would the announcement be irrational?

Step-by-Step Solution:
Check I: If non-punctual employees cannot be motivated, the policy would not change behaviour. Since shaping behaviour is the aim, I is implicit.Check II: Management typically expects improved productivity from better punctuality and sincerity. Hence II is implicit.Check III: Profit exceeding programme cost is a financial forecast, not a prerequisite for announcing incentives. The firm could still proceed for productivity, culture, or compliance reasons. III is not implicit.

Verification / Alternative check:
Companies sometimes invest in culture or quality even if short-term profit payoff is uncertain. Thus III is unnecessary.

Why Other Options Are Wrong:

• II and III are implicit: incorrect because III is not required.
• All are implicit: incorrect; III fails.
• None is implicit or Only I is implicit: incorrect because II is also needed.

Common Pitfalls:
Do not equate “action taken by a company” with “guaranteed higher profit”. Actions may target non-monetary goals in the short term.

Final Answer:
I and II are implicit.