Practicing Success

Target Exam

CUET

Subject

Business Studies

Chapter

Principles of Management

Question:

What was the reward system Taylor introduced for efficient workers?

Options:

A fixed wage for all workers

Different rates of wage payment based on performance compared to standards

Profit-sharing for all workers

Hourly wage increases for long-serving employees

Correct Answer:

Different rates of wage payment based on performance compared to standards

Explanation:

Taylor introduced a reward system for efficient workers by implementing different rates of wage payment based on their performance compared to standards. Workers who performed above the established standards received a higher wage, while those who performed below the standards received a lower wage.