Bissoy.com
Doctors Medicines MCQs Q&A

Merricks multiple piece rate system has _______.

Merricks multiple piece rate system has _______. Correct Answer three rates

Merricks multiple piece rate system has three rates. According to this plan, three piece rates for a job is fixed. None of these three piece rates are fixed below the normal level. These three rates are applied in the manner given below:RatesBonus Incentive1.Upto 83 '/3%Normal Rate2.Above 83 1/3 % to 100%110% of Normal Rate3.Above 110%120% of Normal Rate

Related Questions

Which of the following statements are true/false?
1. A minimum rate of wages for the time spent by employees for the production of output is minimum time rate.
2. Minimum piece rate is the rate based on the quantity of the output employees have produced.
3. The guaranteed time rate is a minimum rate of remuneration to apply in the case of employees employed on piece work for the purpose of securing to such employees a minimum rate of wages on a time work basis.
4. A minimum rate of remuneration to apply in the case of employees employed on piece work for the purpose of securing to such employees a minimum rate of wages on a time work basis is overtime rate.
Which of the following statements with respect to multiprocessor system are true? (A) Multiprocessor system is controlled by one operating system. (B) In Multiprocessor system, multiple computers are connected by the means of communication lines. (C) Multiprocessor system is classified as multiple instruction stream and multiple data stream system. Choose the correct answer from the options given below:
Which of the following is correct in context of Minimum Wages Act, 1948?
1. In case an employee whose minimum rate of wages is fixed under this act, works overtime, the employer is bound to pay the money for the extra hours devoted by the employee.
2. In case an employee is involved in two or more classes of work, he shall be paid on the piece basis.
3. If an employee is employed on piece work for which minimum time rate and not a minimum piece rate has been fixed under this act, the employer shall pay to such employee wages at not less than the minimum time rate.
Which of the following statements are true/false?
1. In case an employee whose minimum rate of wages is fixed under this Act, works overtime, the employer need not pay the money for the extra hours devoted by the employee.
2. If an employee whose minimum rate of wages has been fixed under this Act, works for a less number of hours than the requisite number of hours on a given day, he shall be entitled to receive wages in respect ofwork done by him on that day as ifhe had worked for a full normal working day.
3. In case an employee is involved in two or more classes of work, he shall be paid on the basis of pieces involved.
4. If an employee is employed on piece work for which minimum time rate and not a minimum piece rate has been fixed under this Act, the employer shall pay to such employee wages at not less than the minimum time rate.
A sheet of paper is cut into three pieces in certain way. Length of first piece of paper is equal to average of three single digit odd prime numbers while length of second piece is equal to the sum of length of first piece and one-third the length of third piece. Length of third piece is equal to the sum of lengths of first and second pieces. Find the length of original sheet.
A lapidary breaks a stone into three pieces. The weight of the first piece is thrice that of the second piece and the weight of the third piece is twice that of the second piece. If the initial weight of the stone was 18 grams. What is the weight of the heaviest piece?
Which of the following statements are true/false?
1. Piece rate system is easy to calculate the wages under this method as it provides certainty of the amount of wage payment to the employee.
2. In time wage system, there is fixed wage because the wages are dependent on the units of pieces produced.
3. Time wage system is based on the fact that the workers are paid on the basis of amount of time they spend on the doing the particular job.
4. Piece rate system is based on the fact that workers are paid the wages on the basis of quantity and quality of work performed by them.
A treasure chest has less than 100 gold coins. The number of coin is i) One more than a multiple of 3 ii) Two more than a multiple of 4 iii) Three more than a multiple of 5 and iv) Four more than a multiple of 6 How many coins are there in the chest?
Under Merrick's multiple piece rate system, 120% of the ordinary piece rate is given to workers whose level of performance is between . . . . . . . . of the standard output.
Under Merrick's multiple piece rate system, 110% of the ordinary piece rate is given to workers whose level of performance is between . . . . . . . . of the standard output.