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Distinguish between Piece rate and Time rate?

Answer Posted / ravindra

peice rate in the sense the company decides to pay certain
price for the peices they produced as to encourag the
workers by paying the scale as decided per peace


time rate generally means the working hours in the company
as the working hours exceeds the additional hours will be
treated as o.t

Is This Answer Correct ?    9 Yes 12 No



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