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Commerce · Q23

Costing

Graduate and Post Graduate · Commerce · question 23

Q23

How many rate are used to calculate wages under Taylor's differential piece rate system?

A.
two
Answer
B.
three
C.
four
D.
five

Answer: Option A

Solution

Answer: Option A
Solution:
Two rate are used to calculate wages under Taylor's differential piece rate system. Taylor's Differential Piece-Rate System was introduced by F.W. Taylor, who believed that the workers should be paid on the basis of their degree of efficiencies.