1 - will I be happy if boss praise? It depends. Is the boss someone who you respect? Or is boss someone who have no clue what your job is and only give you praise because he/she felt you want cabut already? How frequent is praise given? If good also praise, bad also praise, do nothing also praise (by clueless boss), will the praise mean anything? Is it a meaningful or empty praise?

2 - monetary reward seems like the safest way to make am employee happy I suppose. Money will be a good thing to an employee irregardless given by good or bad boss.