The Difference Between a Piece Rate and an Hourly Rate

question 125

Multiple Choice

The difference between a piece rate and an hourly rate is:

• A) a piece rate is a wage for each piece of work completed whereas an hourly rate is a rate for each hour of work completed.
• B) a piece rate is only offered for non-contractual workers whereas an hourly rate is only offered for contractual workers.
• C) a piece rate is not tied to effort whereas an hourly wage is tied to effort.
• D) None of the answers is correct.

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Definitions:

Growth Motivation

The drive to expand self-capacity, enhance personal growth, and realize one's potential.

Homeostasis

Homeostasis is the biological process by which living organisms maintain stable internal conditions (such as temperature, pH, and electrolyte balance) despite changes in the external environment.

Pleasure Principle

A concept in psychoanalytic theory referring to the instinctual seeking of pleasure and avoiding of pain to satisfy biological and psychological needs.

Determinism

The philosophical doctrine that all events, including moral choices, are ultimately determined by causes external to the will.