Asked by Tonii White on Jul 22, 2024
Verified
Trent owns and manages a small electronics repair store. He determines the time required by his employees to complete each task assigned by him. When employees complete the repairs in less time, they receive an amount of pay equal to that time determined by him. In this scenario, Trent is using a
A) standard hour plan.
B) differential piecework plan.
C) merit pay plan.
D) straight piecework plan.
E) Scanlon plan.
Standard Hour Plan
An incentive plan that pays workers extra for work done in less than a preset "standard time."
- Dissect the assortment of incentive approaches, including team-based accolades, time-standard models, and production-rate compensations.
Verified Answer
SK
SANDHYA KOTWANIJul 27, 2024
Final Answer :
A
Explanation :
The standard hour plan pays employees based on the time it should take to complete a task, rather than the actual time taken, incentivizing efficiency if they finish faster.
Learning Objectives
- Dissect the assortment of incentive approaches, including team-based accolades, time-standard models, and production-rate compensations.
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