Which one of the following is not an assumption under the McGregor's Theory Y? 

1
The degree of commitment to objectives is in proportion to the size of the rewards associated with their achievement. 
2
Under the conditions of modern industrial life, the intellectual potentialities of the average human being are only partially utilized. 
3
External control and the threat of punishment are the only means for producing effort towards organizational objectives. 
4
Average human beings learn, under proper conditions, not only to accept responsibility but also to seek it. 

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