When Workers Are Paid on a Piece-Rate Basis, an Employer

question 130

True/False

When workers are paid on a piece-rate basis, an employer must be able to easily measure each worker's output.

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Definitions:

Widgets

A generic term often used to refer to an unspecified or hypothetical manufactured product.

Labor

Human input, involving both muscle and mind work, in the output of goods and services.

Production Function

A model that defines the maximum output that can be produced with a given set of inputs under current technology.

Plastic

A wide range of synthetic or semi-synthetic materials that are used in the production of industrial products, packaging, and consumer items.