The Standard Time for Producing One Unit of Work in a Job

question 67

Multiple Choice

The standard time for producing one unit of work in a job paying $12.75 per hour was set at twelve minutes.The piece rate would be ____ per unit.

• A)$1.95
• B)$2.55
• C)$2.95
• D)$3.15

---

Definitions:

Corporate Promoters

Individuals or companies that take the initiative in founding and organizing the business of a corporation, including arranging its incorporation and securing capital.

Organization Meeting

The initial meeting where the structure of a new organization is decided, officers are elected, and bylaws are adopted.

Preincorporation Contracts

Agreements made by the founding members of a corporation on its behalf before the company is formally incorporated.

Articles of Incorporation

A set of formal documents filed with a state governmental authority to legally document the creation of a corporation.