The time required to complete a job is established and a bonus is paid to the worker based on the exact % of time saved. This type of incentive plan is known as_________________?

Related Mcqs:

Acceptance sampling is widely used in________________?

A. batch production B. job production C. mass production D. all of the above E. none of the above...

In the Halsey system of wage incentive plan, a worker is ________________?

A. paid as per efficiency B. ensured of minimum wages C. not paid any bonus till his efficiency D. never a loser E. induced to do more work...

The main disadvantage of line organisation is_________________?

A. top level executives have to do excessive work B. structure is rigid C. communication delays occur D. all of the above E. none of the above...

The allowed time for a job equals standard time plus___________________?

A. policy allowance B. interference allowance C. process allowance D. learning allowance E. unforeseen allowance...

Pick up the correct statement from the following?

A. the float may be positive, zero or negative B. if the float is positive and the activity is delayed by a period equal to its total float, the completion of project in not delayed C. if the float of an activity is negative, delay in its performance is bound to delay the completion of … Pick up the correct statement from the following?Read More...