[amp_mcq option1=”Piece rate” option2=”Time rate” option3=”Bonus” option4=”Incentives” correct=”option2″]<\/p>\n
The correct answer is B. Time rate.<\/p>\n
Time rate is a method of wage payment in which employees are paid a fixed amount for each hour they work. This is the most common method of wage payment, and it is often used in jobs that are not easily measured by output, such as office jobs.<\/p>\n
Piece rate is a method of wage payment in which employees are paid a fixed amount for each unit of output they produce. This method is often used in jobs where output can be easily measured, such as manufacturing jobs.<\/p>\n
Bonus is a payment that is made in addition to regular wages, usually as a reward for good performance. Bonuses can be based on individual performance, team performance, or company performance.<\/p>\n
Incentives are rewards that are offered to employees to encourage them to achieve certain goals. Incentives can be financial, such as bonuses, or non-financial, such as recognition or time off.<\/p>\n
In conclusion, the method of wage payment based on hours of work is time rate.<\/p>\n","protected":false},"excerpt":{"rendered":"
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