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Q: What is the difference between piece rate system and time wage system?
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Related questions

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 melts faster a piece of chocoloate or a piece of ice?

A piece of ice.From Wikipedia:Newton's law of cooling, states that the rate of heat loss of a body is proportional to the difference in temperatures between the body and its surroundings, or environment.


Difference between rate constant and specific rate constant?

There is no difference between them they are same rate constant is another name of specific rate constant


What are the advantages and disadvantages of straight piece rate system?

The disadvantage of the straight piece rate system is that there is no special incentive for the special effort. The advantage is that it has high productivity which helps in spreading the load.


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 mortality rate and death rate?

mortality rate - death rate


Difference between rack rate and nett rate?

i can't.


What is piece rate system?

It is a compensation system in which a worker is paid a set amount for each item he or she produces.


What does piece rate mean?

Piece-rate pay gives a payment for each item produced - it is therefore the easiest way for a business to ensure that employees are paid for the amount of work they do. Piece-rate pay is also sometimes referred to as a "payment by results system"


What is the difference between speed and rate?

The difference is, speed is how much you are going or using but rate is how much you have been going or using.


What is the difference between yield and coupon rate?

The difference between the coupon rate and the required return of a bond is dependent upon the type of bond. Junk bonds will have the biggest difference between its return and the coupon rate.


What is the difference between fix and variable mortgages?

The difference between fixed and variable mortgages are that in a fixed mortgage, the rate can not change. In a variable mortgage, the rate changes with time.