difference between a price rate and an hourly rateis:
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.

Question

Quizplus · Accepted Answer

A piece rate is a payment per unit of output or work completed, while an hourly rate is a payment per hour worked. Therefore, the primary difference between the two is the measurement of payment. Piece rate is based on the quantity of work completed, whereas hourly rate is based on time worked.

Difference Between a Price Rate and an Hourly Rateis