Which of the Following Statements Is True About a Piecework

question 105

Multiple Choice

Which of the following statements is true about a piecework rate plan?

• A) It can be used for all types of jobs and in all types of industries.
• B) It is best suited for complex jobs and tasks.
• C) It can be used to encourage team work and collaboration.
• D) It has a direct link between the work done by the employee and the amount earned.
• E) It encourages the employee's peers to perform as well and reduces conflicts.

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Definitions:

Inward

Refers to movements or directions towards the inside or center of something.

Expansionary Gap

A situation where the actual output of an economy exceeds its potential output at full employment, often leading to inflation.

Inflationary Pressure

The upward pressure on prices that may arise from factors such as increased demand or rising costs, leading to inflation.

Seasonal Unemployment

Unemployment resulting from seasonal variations in demand or supply of labor, often seen in industries like agriculture or tourism.