The most suitable incentive plan for the maintenance section of an industry will be

A Piece rate system
B Group incentive plan
C Profit sharing plans
D Simplification

Correct Answer: Group incentive plan

Group Incentives/Team based Compensation Under individual incentive system workers are paid on the basis of their personal performance.
Their wages will be directly linked to their efforts.
A worker may improve his remuneration by raising the level of output
Bissoy MCQ
#Mechanical Engineering #Industrial Engineering And Production Management

Related Questions

In Lincoln plan (one type of group incentive plan), the amount of the profit which an employee receives in addition to the guaranteed basic pay/wages, is based on:
A A standard rating system
B A merit rating system
C A job evaluation system
D His individual performance
One of the basic essentials of an incentive plan is that
A A differential piece rate system should exist
B Minimum wages should be guaranteed
C Provide incentive to group efficiency performance
D All standards should be based on time studies
According to Rowan plan of wage incentive system, bonus is paid to a worker
A Whose output exceeds 67% efficiency
B On the percentage of time saved
C On the percentage of time worked
D On the percentage of standard time
In Emerson's efficiency plan of wage incentive system, bonus is paid to a worker
A Whose output exceeds 67% efficiency
B On the percentage of time saved
C On the percentage of time worked
D On the percentage of standard time
The time required to complete a job is established and a bonus is paid to the worker based on the exact % of time saved. This type of incentive plan is known as
A Dry work Plan
B Halsey Premium Plan
C Taylor Plan
D Rowan Plan
The time required to complete a task is established and a bonus is paid to the worker for every hour he saves from the established time required. This type of incentive plan is known as
A Rowan Plan
B Taylor Differential Piece rate system
C Halsey Premium plan
D Day work plan
Which of the following wage incentive plan is applied to all workers?
A Halsey plan
B Gantt plan
C Emerson's efficiency plan
D Rowan plan
Which of the following wage incentive plan guarantees minimum wage to a worker and bonus is paid for the fixed percentage of time saved?
A Halsey plan
B Gantt plan
C Rowan plan
D Emerson's efficiency plan
Halsey plan of wage incentive
A Is not applied to all level of workers
B Is applied to all level of workers
C Does not guarantee minimum wage
D Is based upon efficiency of worker
Which one of the following represents a group incentive plan?
A Scanlon Plan
B Rowan Plan
C Taylor Differential Piece Rate System
D Halsey Premium Plan

Next steps