Piece workers are paid wages on
A piece rate basis B time rate basis C time saved basis D Appointment of workers
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A. Piece rate basis.
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Piece workers are paid wages on a piece-rate basis. (Option A)
- In this system, the wages of the workers performing the tasks are dependent on the output that they produce.
- The higher the output, the more wages they earn.
- A price is fixed for producing the target number of output and for producing less than that.
- The price differences are standardized.
- This difference between the two amounts acts as a motivating factor to achieve targets.
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