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Commerce · Q108

Costing

Graduate and Post Graduate · Commerce · question 108

Q108

Halsey premium plan is ________.

A.
individual incentive scheme
Answer
B.
group incentive scheme
C.
time and piece wage system
D.
differential piece wage system

Answer: Option A

Solution

Answer: Option A
Solution:
Halsey premium plan is individual incentive scheme. Under Halsey plan minimum wages are guaranteed to every worker. A standard time is fixed for the workers. If the workers finish the work before standard time they are given bonus.