Challenger App

No.1 PSC Learning App

1M+ Downloads
Wage payment under incentive wage plan

APayment by result

BStraight piece rate system

CWage guaranty system

DDifferential piece rate system

Answer:

A. Payment by result

Read Explanation:

Incentive wage plans pay employees based on output or results. “Payment by result” is the general term for this approach.


Related Questions:

Identify the accurate statements regarding the KCS Act, 1969

  1. Encompasses legal provisions for Co-operative societies in Kerala
  2. Provides the legal framework for Co-operative societies in Travancore.
  3. Defines the specific characteristics and regulations of Co-operative societies in Kerala.
  4. Based on the Act the first primary society called the Edavanakkal Service Co-operative Society.
    ----------- stands for providing various services relating to capital market and finance to corporate .
    The insurance co-operative society of Sweden is called:
    What educational principle did Rochdale Equitable Pioneers’ Co-operative Society (REPS) promote?
    A Neo-Bank is a --- based banking service