A compensation method under which a company pays employees according to the number of items they produce during a given time-period is known as:
A)piece-rate pay
B)deferred pay
C)contract pay
D)bonus pay

Question

Quizplus · Accepted Answer

Piece-rate pay is a compensation method under which employees are paid based on the number of items they produce during a given period. This method is commonly used in manufacturing and production environments, where the quantity of output is easily measurable. It incentivizes employees to work more efficiently and increase productivity, as their pay is directly tied to their output.

A Compensation Method Under Which a Company Pays Employees According