[amp_mcq option1=”Time rate wages” option2=”Incentives” option3=”Productivity linked wages” option4=”All are correct” correct=”option4″]<\/p>\n
The correct answer is: D. All are correct<\/strong><\/p>\n Payment by results is a system of wage payment in which employees are paid according to the amount of work they produce. This can be done in a variety of ways, such as piecework, commission, or bonuses.<\/p>\n Time rate wages are a system of wage payment in which employees are paid a fixed amount for each hour they work. This is the most common type of wage payment system.<\/p>\n Incentives are payments or rewards that are given to employees to encourage them to work harder or produce more. Incentives can be financial, such as bonuses or commissions, or non-financial, such as recognition or awards.<\/p>\n Productivity linked wages are a system of wage payment in which employees are paid a wage that is based on the productivity of their work. This means that employees who produce more will earn more money.<\/p>\n All of these systems of wage payment can be used to achieve the goal of payment by results. The best system to use will depend on the specific circumstances of the workplace.<\/p>\n Here are some additional details about each option:<\/p>\n [amp_mcq option1=”Time rate wages” option2=”Incentives” option3=”Productivity linked wages” option4=”All are correct” correct=”option4″]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"class_list":["post-49141","post","type-post","status-publish","format-standard","hentry","category-economics","no-featured-image-padding"],"yoast_head":"\n\n