Which of the following is true when piece rate system is used-14757
Which of the following is true when piece rate system is used for wage determination?
This multiple choice question (MCQ) is related to the book/course vu mgt402 Cost & Management Accounting. It can also be found in vu mgt402 Final Term - Quiz No.6.
Which of the following is true when piece rate system is used for wage determination?
worker is paid on the basis of time taken by him to perform the work
worker is paid on the basis of production
Piece rate system is more beneficial than a guaranteed minimum wage system
None of the given options