Under the differential piece-rate plan, a worker is rewarded by a percent premium that equals the percent by which his/her performance is above standard.

Name: Under the differential piece-rate plan, a worker is rewarded by a percent premium that equals the percent by which his/her performance is above standard.
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This is the correct definition of the differential piece-rate plan. The worker is rewarded with a premium that is proportional to their performance above the standard rate.

Under the Differential Piece-Rate Plan, a Worker Is Rewarded by a Percent