In which of the following do workers receive a basic hourly rate plus a premium equal to the percent by which their performance exceeds the standard?
A) piecework
B) variable pay
C) straight piecework
D) standard hour plan
E) standard piecework

Question

Quizplus · Accepted Answer

The standard hour plan pays workers a basic hourly rate plus a premium for exceeding the standard, which is based on time. Specifically, the premium is equal to the percent by which the worker’s performance exceeds the standard time for completing a task or producing a unit of output. This encourages workers to be efficient and productive, as they can earn more money for completing tasks faster or producing more units.

In Which of the Following Do Workers Receive a Basic