Which of the followings is not a characteristic of Taylor's differential piece rate system ?

CS Executive · Cost and Management Accounting · PYQS · December 2020
Which of the followings is not a characteristic of Taylor's differential piece rate system ?
(A) Time and motion studies are done
(B) The standard output is determined
(C) Wages are calculated on the basis of two widely different piece rates
(D) Minimum wage is guaranteed

Answer & Explanation:

Correct Answer: Option (D)

Official answer key: (D).

Topics: Labour Costing

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