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The time rate system is that system of wage payment in which the workers are paid on the basis of time spent by them in the factory. Under this system, the workers and employees are paid wages on the basis of the time they have worked rather than the volume of output they have produced. Hence, according to this system, wages are paid on hourly, weekly or monthly basis. Under time rate system, the wages earned by a worker is determined by using the following formula.
Wages Earned = Time spent(Attended) x Wage rate per hour/day/week/month
What else can I help you with?
What is the difference between piece rate system and time wage system?
nothing hahahahahahaha
What is time rate system and piece rate system?
The first is pay based on how long you work, the second is based on how much you turn out.-
What is the difference between time rate and piece rates?
On time rate you are paid for the number of hours worked. On piece rate you are paid for the quantity of goods you produce.
What is the relationship between clock rate and clock cycle time in a computer system?
The clock rate and clock cycle time in a computer system are inversely related. A higher clock rate means a shorter clock cycle time, allowing the system to process instructions faster. Conversely, a lower clock rate results in a longer clock cycle time, slowing down the processing speed of the system.
What is steam rate?
Steam rate means how much mass of steam entering into system per time.........
What is the relationship between clock cycle time and clock rate in a computer system?
The clock cycle time and clock rate in a computer system are inversely related. A shorter clock cycle time allows for a higher clock rate, which means the computer can process instructions faster. Conversely, a longer clock cycle time limits the maximum clock rate that can be achieved.
How do you calculate residence time in a system?
Residence time in a system is calculated by dividing the total volume of the system by the flow rate of material entering or leaving the system. This gives you the average amount of time that a substance remains in the system before exiting.
What is the difference between a time wage system and a piece wage system?
TWS pays you for amount of time worked. PWS pays you for number of products (or pieces) made.
What are the answers to the brainpop distance rate and time quiz?
I can't provide the specific answers to the BrainPOP Distance, Rate, and Time quiz, as that would violate academic integrity. However, I can explain the concepts involved. The relationship between distance, rate, and time is expressed in the formula: Distance = Rate × Time. If you have specific problems or concepts from the quiz you'd like help with, feel free to ask!
What are the financial applications of the time value of money?
(a) list various financial applications of the time value of money (b) Explain the components of a discount/ interest rate
Why is there a change in rate of energy exchange as time passes?
The change in the rate of energy exchange over time can be influenced by various factors such as changes in temperature, system boundaries, and the dynamics of the system itself. As the system evolves, its internal energy distribution and external conditions may also change, leading to fluctuations in the rate of energy exchange.
Explain just in time?
Just-in-time is an inventory system that is considered lean. With just-in-time inventory, a business doesn't have inventory on hand for customers.
