Which of the Following Is an Example of a Piece-Rate

question 41

Multiple Choice

Which of the following is an example of a piece-rate plan?

• A) $20 for each hour of work
• B) $2 for each unit produced
• C) productivity bonus
• D) commission
• E) paying employees based on number of skills

Comprehend the impact of interest rates on the economy and individual financial decisions.

Recognize the implications of effective usury laws and their effect on low-income borrowers.

Learn the determinants of rents and their relation to land and marginal revenue product.

Understand the basic function of profits and losses in allocating resources within an economy.

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Definitions:

Main Effect

The direct influence of an independent variable on a dependent variable in an experimental study, ignoring the effects of other variables.

Marginal Means

The average value of a variable at each level of another variable, often used in the analysis of variance.

Main Effect

The direct impact of an independent variable on a dependent variable, ignoring other potential influencing factors.

Significant

In statistics, it refers to results that are unlikely to have occurred by chance alone, according to a predefined threshold of probability (the significance level).