Jeff owns and manages a small electronics repair store.He determines the time required by his employees to complete each task assigned by him.When employees complete the repairs in less time,they receive an amount of pay equal to that time determined by him.In this scenario,Jeff is using the:
A) standard hour plan.
B) differential piecework plan.
C) merit pay plan.
D) straight piecework plan.
E) Scanlon plan.

Question

Quizplus · Accepted Answer

An incentive plan that pays workers extra for work done in less than a preset "standard time" is referred to as a standard hour plan.

Jeff Owns and Manages a Small Electronics Repair Store