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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.

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. Correct Answer 3, 4 are true and 2, 1 are false

Related Questions

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.
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 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.
An intelligent boy is doing a jigsaw with 275 pieces. Each day that he fits pieces together there are fewer pieces left, and it is reasonable to assume that he fits more pieces each day because the number left to sort out diminishes progressively. Hence he is able to fit an extra piece as each day goes by. On the first day he fits 20 pieces. How many days does it take for him to complete the puzzle ?
The logic problems in this set present you with three true statements: Fact 1, Fact 2 and Fact 3. Then you are given three more statements (labelled I, II, III), and you must determine which of these, if any, is also a fact. One or two of the statements could be true; or none of the statements could be true. Fact 1: Most stuffed toys are stuffed with beans. Fact 2: There are stuffed bears and stuffed tigers. Fact 3: Some chairs are stuffed with beans. If the fist three statements are facts, which of the following statement/(s) must also be a fact? I. Only children's chairs are stuffed with beans. II. All stuffed tigers are stuffed with beans. III. Stuffed monkeys are not stuffed with beans. Choose the correct answer from the options given below:
The logic problems in this set present you with three true statements: Fact 1, Fact 2 and Fact 3. Then you are given three more statements (labelled I, II, III), and you must determine which of these, if any, is also a fact. One or two of the statements could be true; or none of the statements could be true. Fact 1: All hats have brims. Fact 2: There are black hats and blue hats. Fact 3: Baseball caps are hats. If the first three statements are facts, which of the following statement/(s) must also be a fact? I. All caps have brims. II. Some baseball caps are blue. III. Baseball caps have no brims. Choose the correct answer from the options given below:
Which of the following statements are true/false?
1. Fair wage is above the minimum wage but below the living wage.
2. Living wage is the highest amount of wage proposed by the government.
3. Different states have fixed different minimum wages based on the skill set of the employees.
4. Fair wage works on the formula Equal Pay for Equal work.
In a cement factory there are 95 workers, 57 workers support cash payment method and 76 workers support online payment method, If every worker support at least one payment method then find the number of workers who support both payment methods?
An operating system uses the Banker’s algorithm for deadlock avoidance when managing the allocation of three resource types X, Y, and Z to three processes P0, P1, and P2. The table given below presents the current system state. Here, the Allocation matrix shows the current number of resources of each type allocated to each process and the Max matrix shows the maximum number of resources of each type required by each process during its execution.   Allocation Max   X Y Z X Y Z P0 0 0 1 8 4 3 P1 3 2 0 6 2 0 P2 2 1 1 3 3 3   There are 3 units of type X, 2 units of type Y and 2 units of type Z still available. The system is currently in a safe state. Consider the following independent requests for additional resources in the current state: REQ1: P0 requests 0 units of X, 0 units of Y and 2 units of Z REQ2: P1 requests 2 units of X, 0 units of Y and 0 units of Z Which one of the following is TRUE?
The logic problems in this set present you with three true statements: Fact 1, Fact 2 and Fact 3. Then you are given three more statements (labelled I, II, III), and you must determine which of these, if any, is also a fact. One or two of the statements could be true; or none of the statements could be true. Fact 1: Pictures can tell a story. Fact 2: All storybooks have pictures. Fact 3: Some storybooks have both words and pictures. If the first three statements are facts, which of the following statement/(s) must also be a fact? I. Pictures can tell a story better than words can. II. The stories in storybooks are very simple. III. Some storybooks have both words and pictures. Choose the correct answer from the options given below: