The differential piece rate system refers to a$($n$)$

Multiple Choice

incentive pay plan where employees are paid different wages based on the skills they possess.

system of linking pay increases to ratings on performance appraisals.

system that gives employees a bonus if the ratio of labor costs to the sales value of production is below a set standard.

incentive pay in which the piece rate is higher when a greater amount is produced.

incentive pay plan in which the employer pays the rate per piece based on the difference in performance of employees.