The correct answer is: C. Halsey’s interest method.
Rowan premium plan reformed is a type of incentive plan that is based on the Halsey’s interest method. The Halsey’s interest method is a piece-rate plan that pays workers a bonus for production that exceeds a standard. The bonus is typically equal to a percentage of the worker’s base pay.
The Rowan premium plan reformed is a more generous version of the Halsey’s interest method. Under the Rowan premium plan reformed, workers receive a bonus for production that exceeds a standard, but the bonus is based on the worker’s actual production, rather than on the worker’s base pay. This means that workers can earn a higher bonus under the Rowan premium plan reformed than they can under the Halsey’s interest method.
The other options are incorrect because they are not types of incentive plans that are based on the Halsey’s interest method.
- The Taylor method is a type of incentive plan that is based on the time study method. The time study method is a method of determining the standard time for a task. The standard time is the amount of time that a worker should take to complete a task, assuming that the worker is working at a normal pace.
- The Gant bonus scheme is a type of incentive plan that is based on the Gantt chart. The Gantt chart is a type of bar chart that is used to schedule and track the progress of a project.
- The Differential method is a type of incentive plan that is based on the differential piece-rate system. The differential piece-rate system is a type of incentive plan that pays workers a higher rate for production that exceeds a standard.
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