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With reference to time rate system of wage payment, answer the following question: Give any two situations where this system is suitable. - Business Studies

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Question

With reference to time rate system of wage payment, answer the following question:

Give any two situations where this system is suitable.

Short Answer
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Solution

Situations where the time rate system is suitable:

  1. When Quality is the Main Consideration: For example, in tailoring or jewellery making, where precision and fine workmanship matter more than speed, time-based wages ensure careful and quality work.
  2. When Work Cannot Be Accurately Measured: In jobs like maintenance or supervision, where output cannot be counted easily, paying wages based on time spent is more practical and fair.
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