The Differential Piece Rates System Refers To

question 103

Multiple Choice

The differential piece rates system refers to:

• A) an incentive pay plan in which the employer pays the rate per piece based on the difference in performance of employees.
• B) a system that gives employees a bonus if the ratio of labor costs to the sales value of production is below a set standard.
• C) an incentive pay in which the piece rate is higher when a greater amount is produced.
• D) a system of linking pay increases to ratings on performance appraisals.
• E) an incentive pay plan where every employee is paid different wages based on the skills they possess.

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Definitions:

Upward Mobility

The possibility or ability of individuals to rise in socio-economic status, often through education, training, or opportunities in their careers.

Psychological Contracts

Unwritten agreements or expectations between an employee and employer regarding the mutual obligations in their relationship.

Negative Emotional Reactions

Responses that are characterized by negative feelings such as sadness, anger, or fear, typically as a consequence of specific events or situations.

Loss Of Trust

The breakdown or erosion of confidence and belief in an individual, organization, or system.