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Weekly Quiz Competition
  • Question 1
    1 / -0
    Which of the following is not a time-based incentive bonus scheme?
  • Question 2
    1 / -0
    Under the Taylor Differential piece-wage system _______.
    Solution
    Under Taylor Differential piece - wage system posits that the worker who exceeds the standard output with in the stipulated time must be paid higher rate for higher productions.
  • Question 3
    1 / -0
    Under the Gantt system _______.
  • Question 4
    1 / -0
    Which are the conventional methods of wage payment?
  • Question 5
    1 / -0
    Wage and salary administration is ________.
  • Question 6
    1 / -0
    Which of the following is the premium bonus method?
    Solution
    This method helps to increase the motivation level of the employee to work more, which leads to greater output. This would also mean workers would end up with greater incentive. 
  • Question 7
    1 / -0
    Under the Halsey premium plan ________.
    Solution
    Under the Hasley premium plan wage is being paid for a standard time for the fixed output based on past performances.
    Under this system, time rate is guaranteed and if the worker completes his job within or more than standard time, he is paid the standard rate. If the worker completes his job in less than standard time, he is given the wages for actual hours taken and a bonus of 50% of wages of the time saved.
  • Question 8
    1 / -0
    What is the formula for time rate system of wage payment?
  • Question 9
    1 / -0
    Graduated Time Rates system particularly useful in times of ___________.
  • Question 10
    1 / -0
    A simple combination of time and piece wage plan of wage payment is _________.
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