Examlex
Which of the following statements is correct?
Labour Standards
Established benchmarks for the amount of time required for a worker to complete specific tasks.
Labour Content
The total amount of work effort, measured in labor hours or cost, required to produce a unit of product or service.
Wage-Incentive Plans
Compensation strategies designed to motivate employees by linking a portion of their pay directly to their performance, productivity, or efficiency.
Standard Time
The established duration within which a task or operation should be completed, often used in productivity measurement and workforce planning.
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