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Question
______ system does not guarantees wages to workers on the basis of time.
Options
Time-Rate System
Efficiency-Rate System
Pieces-Rate System
MCQ
Fill in the Blanks
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Solution
Pieces-Rate System does not guarantees wages to workers on the basis of time.
Explanation:
The Piece Rate System does not guarantee wages based on time worked. Instead, workers are paid per unit of output they produce. Their earnings depend on the quantity of work done, not the hours spent.
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Chapter 8: Staff Remuneration - EXERCISES [Page 116]
