Question

Hours worked $\times$ Rate per hour is known as

• A. Piece rate
• B. Time rate
• C. Differential rate
• D. Labor turnover

Hint:

The time rate system ensures workers are paid for the actual hours worked at a fixed hourly rate.

Answer 1

The Correct Option is B

The formula "hours worked $\times$ rate per hour" calculates the total pay based on the time rate system. This is one of the most common methods of compensating workers based on the actual hours worked.