The difference between a price rate and an hourly rate is:
A) a piece rate is a wage for each piece of work completed whereas an hourly rate is a rate for each hour of work completed.
B) a piece rate is only offered for noncontractual workers whereas an hourly rate is only offered for contractual workers.
C) a piece rate is not tied to effort whereas an hourly wage is tied to effort.
D) None of the answers is correct.
Correct Answer:
Verified
Q12: Consider the two statements:
I. The closer "what
Q21: Q24: Which of the following statements is TRUE? Q26: Even though firms and workers can both Q43: The main advantage of piece rate pay Q61: Which of the following is the most Q64: The riskier the payments are to workers, Q70: A piece rate system _ earnings inequality. Q71: When using a piece rate system: Q80: A piece rate is:
A)
A) it
A) any payment system
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents