[amp_mcq option1=”time rate system” option2=”piece rate system” option3=”premium bonus system” option4=”emerson efficiency plan” correct=”option1″]<\/p>\n
The correct answer is A. time rate system.<\/p>\n
In a time rate system, workers are paid a fixed amount for each hour, day, or week they work. This is the most common type of pay system.<\/p>\n
A piece rate system pays workers a fixed amount for each unit of output they produce. This system is often used in manufacturing and assembly jobs.<\/p>\n
A premium bonus system pays workers a base rate plus a bonus for meeting or exceeding production goals. This system is designed to motivate workers to produce more.<\/p>\n
The Emerson efficiency plan is a type of incentive pay system that rewards workers for meeting or exceeding production goals. The plan is based on the idea that workers will be more productive if they are given a financial incentive to do so.<\/p>\n
Here is a table that summarizes the key features of each pay system:<\/p>\n
| Pay system | Description |
\n|—|—|
\n| Time rate system | Workers are paid a fixed amount for each hour, day, or week they work. |
\n| Piece rate system | Workers are paid a fixed amount for each unit of output they produce. |
\n| Premium bonus system | Workers are paid a base rate plus a bonus for meeting or exceeding production goals. |
\n| Emerson efficiency plan | A type of incentive pay system that rewards workers for meeting or exceeding production goals. |<\/p>\n","protected":false},"excerpt":{"rendered":"
[amp_mcq option1=”time rate system” option2=”piece rate system” option3=”premium bonus system” option4=”emerson efficiency plan” correct=”option1″]<\/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-59817","post","type-post","status-publish","format-standard","hentry","category-costing","no-featured-image-padding"],"yoast_head":"\n