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

question 84

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) stock options at cheaper prices
• D) straight commission plan
• E) spot bonuses

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Definitions:

HRIS

Human Resources Information System is a software or online solution used for data entry, data tracking, and data information needs of the HR, payroll, management, and accounting functions within a business.

Automation

The use of technology to perform tasks without human intervention, often applied to manufacturing, processes, and systems to increase efficiency and reduce human error.

Service Delivery

The process of providing services to customers or clients, focusing on the quality, efficiency, and effectiveness of the service.

Attrition

Loss of employees due to their voluntary departures from the firm through resignation, retirement, or death.