When a worker is rewarded by a percent premium that equals the percent by which his or her performance is above standard, this is known as

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Quizplus · Accepted Answer

The given scenario describes the differential piece-rate plan, where the worker is rewarded a premium that equals the percent by which their performance is above standard. Gainsharing involves sharing the cost savings achieved due to improved performance, while the percent incentive plan and premium plan are vague terms and can refer to different types of incentives. The bonus hour plan is not relevant to the given scenario.

When a Worker Is Rewarded by a Percent Premium That