Janna owns a jewelry shop that sells handmade jewelry. Her employees are paid a certain amount for each bracelet and necklace they produce, regardless of the amount of time it takes. This is a:_______.a) wage system.
b) salary system.
c) quota compensation.
d) piece-rate system.
e) commission plan.

The piece rate system is that system of wage payment in which the workers are paid on the basis of the units of output produced. Piece rate system does not consider the time spent by the workers. It is also known as payment by result or output. Piece rate system pays wages at a fixed piece rate for each unit of output produced. In Janna's case regardless of the amount of time it takes each employee is paid a certain amount per bracelet this is a piece-rate system

Janna owns a jewelry shop that sells handmade jewelry. Her employees are paid a certain amount for each bracelet and necklace they produce, regardless of the amount of time it takes. This is a:_______.a) wage system. b) salary system. c) quota compensation. d) piece-rate system. e) commission plan.

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Janna owns a jewelry shop that sells handmade jewelry. Her employees are paid a certain amount for each bracelet and necklace they produce, regardless of the amount of time it takes. This is a:_______.a) wage system.
b) salary system.
c) quota compensation.
d) piece-rate system.
e) commission plan.