Which of the following is the primary advantage of piecework plans?
A) powerful incentive to workers
B) encourages worker flexibility
C) workers earn efficiency bonuses
D) firms save on overtime wages
E) entices independent contractors

Question

Quizplus · Accepted Answer

Piecework plans provide a powerful incentive for workers to work quickly and produce more output in order to earn a higher wage. This can result in increased productivity and efficiency, ultimately benefiting the firm.

Which of the Following Is the Primary Advantage of Piecework