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The Difference Between a Piece Rate and an Hourly Rate

Question 125

Multiple Choice

The difference between a piece 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 non-contractual 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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