An Employee Who Produces 12 Components in an Hour Earns

question 43

Multiple Choice

An employee who produces 12 components in an hour earns $18.00 ($1.50 x 12) .This is an example of:

• A) piecework rate.
• B) a commission plan.
• C) gainsharing.
• D) straight salary plan.
• E) standard hour plan.

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Definitions:

North America

A continent in the Northern Hemisphere that includes countries such as Canada, the United States, and Mexico.

Product's Life Cycle

describes the stages a product goes through from its conception, through development, growth, maturity, and decline.

Global Talent

Skilled professionals from around the world who contribute diverse perspectives and expertise to the workforce.

World Trade Organization

An international organization that regulates international trade.