Under piece rate system of wage payment, payment is made according to the __________.

Quantity of Work Done

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Time

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Both A and B

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None of the Above

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Solution

The correct option is C Quantity of Work Done
Opposite to the time wage, piece rate system is the method of wage payment where wages is fixed per unit of output produced. Wages is fixed on per unit basis. Wages of a worker will directly in proportion to the units produced.

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