Which of the following is an individual incentive plan devised by Frederick W.Taylor that pays one rate for all acceptable units produced up to some standard and then a higher rate for all pieces produced if the output exceeds the standard?

Question

Quizplus · Accepted Answer

The incentive plan described is known as differential piece rates, which was developed by Frederick W. Taylor as part of his scientific management approach. Under this plan, workers are paid a lower rate for producing up to the standard level of output, and a higher rate for producing any additional pieces beyond the standard. This is intended to provide motivation for workers to increase their output and productivity. Quality circles, time-and-a-half for overtime wages, and commission plans are different types of incentive plans with their own unique features and objectives.

Which of the Following Is an Individual Incentive Plan Devised