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Difference Between a Price Rate and an Hourly Rateis

Question 263

Multiple Choice

difference between a price rate and an hourly rateis:


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.

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