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Management · Q32

Business Management

Graduate and Post Graduate · Management · question 32

Q32

Piece Rate System is contributed by

A.
Harold Koontz
B.
Taylor
Answer
C.
Louis Allan
D.
Hendry Fayol

Answer: Option B

Solution

Answer: Option B
Solution:
Piece Rate System is contributed by Taylor, the father of scientific management. The underlying principle of this system is to penalise a slow worker by paying him a low piece rate for low production and to reward an efficient worker by giving him a higher piece rate for a higher production.