GK
HUMAN RESOURCE MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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____ are payments for labor or services that are made on an hourly, daily, or per-unit basis.
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salaries
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benefits
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Wages
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stocks
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Explanation:
Detailed explanation-1: -Wages are payments for labour services rendered frequency, expressed in hourly rates, while a salary is a similar payment, expressed in weekly, monthly or annual rates. Thus the term ‘wage’ frequently connote payments in terms of the number of hours worked and may fluctuate depending upon hours actually worked.
Detailed explanation-2: -Piece Wage: In this system of wage payment, remuneration is paid to the employees on the basis of unit produced or amount of work done. Unit of output produced or amount of work done is the basis of payment of wages.
Detailed explanation-3: -A wage is the remuneration paid to an employee, usually on an hourly, daily, or piece rate basis.
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