An advantage of not recalculating piece rate is because of using ________?
Correct answer: A. standard hour plan
- A. standard hour plan
- B. standard piece rate
- C. standard piecework
- D. variable hour plan
Explanation
Under a standard hour plan, employees are paid according to predetermined standard time and an hourly rate, so a separate piece rate need not be recalculated for every job. A standard piece rate, by contrast, is itself the rate used in piecework.
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About Human Resource Management
Human resource management deals with acquiring, developing, rewarding and retaining employees within an organisation. It includes job analysis, recruitment, selection, training, performance appraisal, compensation, career planning, labour relations and workplace discipline. Recruitment attracts applicants, while selection evaluates them and chooses the most suitable candidate.
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