Can you please tell me the correct answer for the following question?
Question:12
What is the term used to describe incentive scheme based on output, calculated as a fixed price per item produced within a standard unit of time?
A. Merit rating
B. Payment by results
C. Promotion
D. Profit sharing
Ask the Tutor ACCA BT
Incentive Scheme
I would expect the answer to be 'Piece rate'!
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