Jules & Co.,a smartphone manufacturing company,provides wages to its employees based on the number of smartphones the workers assemble.The more the employees assemble,the more they earn.This type of plan is called:
A) piecework rate plan.
B) merit pay plan.
C) Scanlon plan.
D) profit sharing plan.
E) standard hour plan.

Question

Quizplus · Accepted Answer

As an incentive to work efficiently, some organizations pay production workers a piecework rate, a wage based on the amount they produce.