ExamVeda
Login
Home

Which of the following wage incentive plan is applied to all...

This question belongs to Mechanical Engineering Industrial Engineering And Production Management
Industrial Engineering and Production Management
?

Which of the following wage incentive plan is applied to all workers?

Answer & Solution
Correct Answer: Option A
Under Halsey premium plan method, standard time for doing each job or operation is fixed and the worker is given wages for the actual time he takes to complete the job or operation at the agreed rate per hour plus a bonus equal to (usually) one-half of the wages of the time saved.
Examveda
Question posted by Examveda
Community

Join the Discussion

No comments yet Be the first to discuss this question.
Keep Learning

Related Questions on Industrial Engineering and Production Management

Actual performance of a task is called
A. An event B. An activity C. A duration D. None of these
The essential condition for the decompression of an activity is that
A. The project time should change due to decompression B. After decompression the time of an activity invariably exceeds its normal time C. An activity could be decompressed to the maximum extent of its normal time D. None of the above
According to MAPI formula, the old machine should be replaced by new one when
(Here, CAM = Challenger's Adverse minimum, DAM = Defender's Adverse minimum)
A. CAM < DAM B. CAM > DAM C. CAM = DAM D. There is no such criterion
Bar charts are suitable for
A. Minor works B. Major works C. Large projects D. All of the above
More Related Questions on Industrial Engineering and Production Management