MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Supply of Labour

Which of the ...

Question

Which of the following is a merit of the time-rate system of payment to the employees?

[1 mark]

A

Lack of incentives

No worries! We‘ve got your back. Try BYJU‘S free classes today!

B

Low efficiency

No worries! We‘ve got your back. Try BYJU‘S free classes today!

C

Simple and easy to understand

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

D

Close supervision is necessary

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is C Simple and easy to understand
Under the time-rate system, wages are paid on the basis of time spent on the job. It is an easy and simple way to calculate and evaluate.

Suggest Corrections

thumbs-up

0

Similar questions

Q. Which of the following is a merit of the time-rate system?
(i) In order to ensure that workers do not misuse their time, close supervision becomes necessary.
(ii) This system provides a feeling of economic security to workers.
(iii) It is simple and easy to understand.

[1 mark]

Q. Assertion :Merit rating of an employee is the process of evaluating the employees performance on the job in terms of the requirements of the job. Reason: Employees' merit rating is a technique for fair and systematic evaluation of an employee's capacities and abilities and performance on the specific job,

Q. Answer briefly the following question.
List any two conditions where time-rate system of wage payment is not suitable.

Q. Which of the following is not a hindrance in training of employees?

[1 mark]

Q. Which of the following is not a merit of Baluta system?

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Other Markets

ECONOMICS

Watch in App

explore_more_icon

Explore more

Supply of Labour

Standard XI Economics

Join BYJU'S Learning Program

CrossIcon