In time wage system, wages are paid according to the __________.
Production
Time
Both A and B
None of these
A
Time
B
None of these
C
Production
D
Both A and B
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Solution
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This method is oldest form of payment to workers. In this method, wages is paid on the basis of time spent by the worker irrespective of the output or work done. Wages may be fixed per hour or per day basis.
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