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
A) piecework rate plan.
B) merit pay plan.
C) Scanlon plan.
D) profit-sharing plan.
E) rapid hour plan.

Question

Quizplus · Accepted Answer

The type of payment plan described is a piecework rate plan, where payment is based on the number of units produced.