The Difference Between a Price Rate and an Hourly Rate

Multiple Choice

The difference between a price rate and an hourly rate is:

A) a piece rate is a wage for each piece of work completed whereas an hourly rate is a rate for each hour of work completed.
B) a piece rate is only offered for noncontractual workers whereas an hourly rate is only offered for contractual workers.
C) a piece rate is not tied to effort whereas an hourly wage is tied to effort.
D) None of the answers is correct.