The Difference Between a Piece Rate and an Hourly Rate

question 125

Multiple Choice

The difference between a piece rate and an hourly rate is:

• A) a piece rate is a wage for each piece of work completed whereas an hourly rate is a rate for each hour of work completed.
• B) a piece rate is only offered for non-contractual workers whereas an hourly rate is only offered for contractual workers.
• C) a piece rate is not tied to effort whereas an hourly wage is tied to effort.
• D) None of the answers is correct.

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Definitions:

Toxic Chemicals

Substances that can cause harm to humans, animals, plants, or the environment.

Surface Waters

Water that collects on the surface of the ground, including lakes, rivers, and ponds, as opposed to groundwater.

National Effluent Standards

Regulations set by a country to control the discharge of pollutants from industrial sites into water bodies to protect environmental and public health.

Affected Industry

An economic sector or industry that experiences direct impacts, either positive or negative, as a result of specific policy actions, market conditions, or technological changes.