Which is the most commonly used and oldest type of incentive plan system of pay and is based on the number of items processed by each individual worker in a unit of time?
A) Standard hour plan
B) Item plan
C) Piecework plan
D) Process plan
E) Gainsharing plan

Question

Quizplus · Accepted Answer

The piecework plan is the most commonly used and oldest type of incentive plan system of pay. It is based on the number of items processed by each individual worker in a unit of time. The worker is paid a predetermined rate for each unit of output or piece produced.

Which Is the Most Commonly Used and Oldest Type of Incentive