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Contemporary Mathematics for Busin...

8th Edition
Robert Brechner + 1 other
ISBN: 9781305585447

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BuyFindarrow_forward

Contemporary Mathematics for Busin...

8th Edition
Robert Brechner + 1 other
ISBN: 9781305585447
Textbook Problem

When employees are paid on their production output, not hours worked, this is called _____. (9-3)

To determine

To fill: The blank space in the statement, “When employees are paid on their production output, not hours worked, this is called ___”.

Explanation

A piecework pay rate is based on production output but not on number of hours worked. The more units the employee produces, the more money he or she can earn.

In piecewise plan an employee is paid a certain amount of money per unit produced...

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