Individual Incentives MCQ (Multiple Choice Questions) PDF Download

In piece rate systems, the method in which number of units produced are multiplied by piece rate per unit, is classified as

1. fixed profit piece rate system
2. fixed cost piece rate system
3. straight piece rate system
4. differential piece rate system

The types of piece-rate systems include

1. straight piece rate system
2. differential piece rate system
3. primacy piece rate system
4. both A and B

The payment which is made to employee for only one time and is not part of the base pay is classified as

1. incentives
2. primacy reward
3. bonuses
4. decency reward

In piece rate system, the method in which the same amount is paid for standard output and higher amount is paid for more units is classified as

1. straight piece rate system
2. differential piece rate system
3. fixed profit piece rate system
4. fixed cost piece rate system

If the standard amount is 200 units with piece rate $5 and the units produced are 250 with each extra unit paid for $6 then the total amount paid is

1. $1,300
2. $1,500
3. $1,400
4. $1,600