Which of the Following Most Correctly Defines a Straight Piecework

question 43

Multiple Choice

Which of the following most correctly defines a straight piecework system?

• A) Employees earn a certain amount of pay for each unit produced.
• B) Compensation is based on employee or corporate performance goals.
• C) Employees share equally in the benefits from improved performance.
• D) Employees are compensated based on their acquisition of new skills or knowledge.

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Definitions:

Percentiles

A statistical measure indicating the value below which a given percentage of observations fall in a dataset.

Pay Equity Legislation

Laws aimed at eliminating discrimination in pay scales for work of equal value, regardless of gender or other non-job-related factors.

Labour Market

The supply and demand dynamics for labor, where employers seek to hire workers and workers seek employment.

Compa-ratio

A metric that compares an individual's salary to the market average for similar positions.