Multiple choice

Directions: Choose the correct option for the given question.

Under piece rate system, payment of wages is made according to the

  1. time spent

  2. idle time

  3. volume of work done

  4. value of work done

  5. none of these

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The piece rate system is a method of wage payment where workers are paid based on the quantity of output they produce. It directly links remuneration to the volume of work completed rather than the time spent.