Which of the Following Is an Example of a Piece-Rate

question 84

Multiple Choice

Which of the following is an example of a piece-rate plan?

• A) $20 for each hour of work
• B) $2 for each unit produced
• C) stock options at cheaper prices
• D) straight commission plan
• E) spot bonuses

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Definitions:

Simple Rate Of Return

A financial metric that calculates the increase in profits or savings expected from an investment as a percentage of the initial investment cost.

Annual Cost Savings

The reduction in costs achieved during a fiscal year, enhancing the organization's profitability.

Discount Rate

This rate is applied within discounted cash flow analysis to determine the contemporary monetary worth of future cash movements.

Investment Required

The total amount of capital needed to undertake a project, investment, or start a business.