Examlex
Which of the following is true?
Piece Rates
A pay system where employees are paid based on the quantity of units they produce or tasks they complete.
Commissions
Payments made to employees or agents based on the value of sales or similar transactions they facilitate or complete.
Gainsharing
A performance-based compensation strategy where employees receive bonuses based on improvements in the company's productivity, efficiency, or profitability.
Piece-rate Plans
A compensation system where employees are paid based on the quantity of work completed, rather than hours worked.
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