GK
HUMAN RESOURCE MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Payments for labor or services that are made on an hourly, daily, or per unit basis:
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salary
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profit sharing
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wages
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none of the above
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Explanation:
Detailed explanation-1: -A ‘wage’ (or pay) is the remuneration paid, for the service of labour in production, periodically to an employee/worker. “Wages” usually refer to the hourly rate or daily rate paid to such groups as production and maintenance employees (“blue-collar workers”).
Detailed explanation-2: -There are three kinds of wages minimum wage, fair wage & living wage.
Detailed explanation-3: -Piece rate pay occurs when workers are paid by the unit performed (e.g. the number of tee shirts or bricks produced) instead of being paid on the basis of time spent on the job.
There is 1 question to complete.