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

Multiple Choice

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

$$ 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

$$ system of linking pay increases to ratings on performance appraisals.

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