The Piecework Plan Is Expressed in Monetary Terms, Whereas the Standard

question 28

Multiple Choice

The piecework plan is expressed in monetary terms, whereas the standard hour plan is expressed in

• A)dollars per standard.
• B)profits.
• C)cents per unit of output.
• D)a premium that equals the percent by which his or her performance exceeds a standard.
• E)cents per hour.

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Definitions:

Communication Benefits

The advantages gained from effective communication, including improved understanding, increased efficiency, and better relationships.

Functional Benefits

The practical or useful advantages that a product or service offers to the consumer.

Communication Benefits

The advantages gained from effective communication in marketing, such as enhanced customer relationships, increased brand awareness, and improved customer loyalty.

Convenience

The ease and simplicity of use or access that makes a product or service desirable to potential consumers, often influencing their purchase decisions.