D. None of these<\/strong><\/p>\nA piece rate system is a payment method in which workers are paid a fixed amount for each unit of work they produce. A time wage system is a payment method in which workers are paid a fixed amount for each hour they work.<\/p>\n
Both piece rate and time wage systems can be effective in motivating workers to produce high-quality work. However, neither system is perfect.<\/p>\n
A piece rate system can lead to workers producing low-quality work if they are more concerned with producing a high quantity of work than with producing high-quality work.<\/p>\n
A time wage system can lead to workers producing low-quality work if they are not motivated to produce a high quantity of work.<\/p>\n
The best payment system for motivating workers to produce high-quality work is a system that combines elements of both piece rate and time wage systems. This type of system is known as a merit pay system<\/strong>.<\/p>\nA merit pay system is a payment system in which workers are paid a base salary plus a bonus based on their performance. This type of system can motivate workers to produce high-quality work because it rewards them for both quantity and quality of work.<\/p>\n
In conclusion, none of the options<\/strong> (piece rate system, time wage system, or both) is the most suitable when quality of work is of prime importance. The best payment system for motivating workers to produce high-quality work is a merit pay system.<\/p>\n","protected":false},"excerpt":{"rendered":"[amp_mcq option1=”Piece rate system” option2=”Time wage system” option3=”Both A and B” option4=”None of these” 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":[952],"tags":[],"class_list":["post-54943","post","type-post","status-publish","format-standard","hentry","category-costing","no-featured-image-padding"],"yoast_head":"\n
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