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List any two conditions where the time-rate system of wage payment is most suitable. - Business Studies

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Questions

List any two conditions where the time-rate system of wage payment is most suitable.

State any two conditions where the time rate system of wage payment is suitable?

State two conditions under which time rate system is most suitable.

State two specific conditions when the time rate system can be used effectively.

Short Answer
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Solution

  1. When the quality of work is more important than quantity: In jobs where accuracy, precision, or creativity is crucial (e.g., tailoring, teaching, research), the time rate system ensures workers focus on doing the work properly, not just quickly.
  2. When the work is not repetitive or output cannot be measured easily: In roles where tasks vary daily or output is difficult to quantify (e.g., maintenance, supervisory roles), paying by time worked is more fair and practical.
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Notes

Students should refer to the answer according to their question and preferred marks.

Method of Wage Payment
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Chapter 8: Staff Remuneration - EXERCISES [Page 117]

APPEARS IN

Goyal Brothers Prakashan Business Studies [English] Class 12 ISC
Chapter 8 Staff Remuneration
EXERCISES | Q II. 16. | Page 117
Goyal Brothers Prakashan Business Studies [English] Class 12 ISC
Chapter 8 Staff Remuneration
EXERCISES | Q III. 1. ii. | Page 117
Goyal Brothers Prakashan Business Studies [English] Class 12 ISC
Chapter 8 Staff Remuneration
EXERCISES | Q III. 3. (d) | Page 117
Goyal Brothers Prakashan Business Studies [English] Class 12 ISC
Chapter 8 Staff Remuneration
EXERCISES | Q II. 5. | Page 117
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