Practicing Success

Target Exam

CUET

Subject

Business Studies

Chapter

Principles of Management

Question:

What was F.W. Taylor's stance on the wage system?

Options:

He advocated for a fixed wage for all workers

He supported a piece wage system to differentiate between efficient and inefficient workers

He argued for a profit-sharing system for all workers

He believed in equal pay for all workers regardless of performance

Correct Answer:

He supported a piece wage system to differentiate between efficient and inefficient workers

Explanation:

Frederick Taylor was a strong advocate of the piece wage system. This system involved differentiating between efficient and inefficient workers based on standards such as output per worker per day. Taylor proposed different rates of wage payment for those who performed above the standard and those who performed below the standard.