BUSINESS ADMINISTRATION
INDUSTRIAL RELATION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which is not a pattern of setting wages based on a unit of time is
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Wages are calculated daily
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Wages are calculated weekly
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Wages are calculated on a monthly basis
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Wages are calculated by the hour
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Explanation:
Detailed explanation-1: -There are three kinds of wages minimum wage, fair wage & living wage.
Detailed explanation-2: -First, determine the total number of hours worked by multiplying the hours per week by the number of weeks in a year (52). Next, divide this number from the annual salary. For example, if an employee has a salary of $50, 000 and works 40 hours per week, the hourly rate is $50, 000/2, 080 (40 x 52) = $24.04.
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