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The bonus increases in proportion to the increase in efficiency. This statement applies to

The bonus increases in proportion to the increase in efficiency. This statement applies to Correct Answer Emerson's efficiency plan

Under this plan of incentive wages, the wages are paid at the standard rate and the amount of bonus paid to the workers depends on the individual efficiency of the workers. Under this plan, the tools and equipment are standardised and the standard time for completing the work is determined so that an average worker of average efficiency may also complete the work within that standard time

Related Questions

Which of the following statements are true/ false?
1. Every employer shall be bound to pay to every employee in respect of the accounting year commencing on any day in the year 1979 and in respect of every subsequent accounting year, a minimum bonus which shall be 9.33% of the salary or wages earned by the employee during the accounting year or one hundred rupees, whichever is higher, whether or not the employer has any allocable surplus in the accounting year.
2. Bonus will be paid in cash to the employees.
3. If the allocable surplus exceeds the amount of minimum bonus payable to the employees, the employer is bound to pay to every employee in respect of that accounting year bonus which shall be an amount in proportion to the salary or wages earned by the employee during the accounting year subject to a maximum of 10% of such salary or wage.
4. Bonus needs to be paid within a period of eight months from the close of the accounting year.
If all the factors of productions are increased in a fixed proportion , volume of production increase proportion which is greater than the proportion of increase in the factors of production -this state can be described most appropriately by -
It all the factors of productions are increased in a fixed proportion, volume of production increase proportion which is greater than the proportion of increase in the factors of production this state can be described most appropriately by-
Table shows income (in Rs.) recieved by 4 employee of a company during the month of December 2020 and all their income sources. Source Amit Suresh Nitin Varun Salary 35000 38500 29000 42000 Arrears 6000 6300 5000 7500 Bonus 1000 1100 1000 1240 Overtime 1800 1950 1400 1500 By what percent is the bonus of Varun less than the bonus of Amit and Nitin taken together?
The given table shows the salary and bonus paid at company X by designation. What was the total bonus paid? Designation Number of Employees Annual Salary in (lakh Rs.) Bonus as percent of annual salary Manager 2 36 50% Executive 10 12 20% Trainee 4 2 20%
Which one of the following sets is incorrect to show the inter-relationships among price elasticity coefficient, change in price and change in total revenue ? Price elasticity coefficient Change in price Change in Total Revenue 1) Zero Increase Decrease Increase Decrease (2) Less than 1 Increase Decrease Decrease Increase (3) Equal to 1 Increase Decrease No change No change (4) More than 1 Increase Decrease Decrease Increase  
Consider the following statements with reference to evaporation : 1. Rate of evaporation decrease with an increase in surface area. 2. Rate of evaporation increases with an Increase in temperature. 3. Rate of evaporation decreases with an increase in humidity. 4. Rate of evaporation increases with an increase in wind speed. Which of the above statement are correct?
Engines are rated at specified conditions. Then which of the following statements are correct? 1. Power developed increases as local temperature increases. 2. Power developed increases as local temperature decreases 3. Power developed is not dependent on local temperature. 4. Power developed increases as local atmospheric pressure increases. 5. Power developed increases as local atmospheric pressure decreases.
A bonus of Tk. 25,000 will be distributed among three salespersons in proportion of the amounts by which their sales exceed the basic quota of Tk. 200,000. Mrs. Asha sold Tk. 600,000. Mr. Bashir sold Tk. 450,000, and Mr. Saif sold Tk. 300,000. How much did Mr. Saif receive from this bonus?
Which of the following statements regarding the adsorption of a gas on a solid is correct? I. The amount of gas adsorbed increases with increase in pressure. II. The amount of gas adsorbed increases with increase in temperature. III. The amount of gas adsorbed increases with increase in the area of the adsorbent.