Discussion :: Industrial Engineering and Prod'n Mgmt
- The bonus increases in proportion to the increase in efficiency. This statement applies to
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Answer : Option C
Explanation :
Under this plan of incentive wages, the wages are paid at the standard rate and the amount of bonus paid to the workers depends on the individual efficiency of the workers. Under this plan, the tools and equipment are standardised and the standard time for completing the work is determined so that an average worker of average efficiency may also complete the work within that standard time
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