CAF-5 · Chapter 4 · Question 6 of 10
Under Variant 2 of the Guaranteed Minimum Wage plan, an employee receives a basic guaranteed wage for standard output, plus:
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: B) A variable piece-rate strictly for the extra units produced above the standard output.
Explanation
Under Variant 2 of the Guaranteed Minimum Wage scheme, the employee gets a guaranteed minimum basic wage for standard output and earns an additional piece-rate amount strictly for the extra units produced above the threshold.
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