Answered: . Answer both A and B questions. A.…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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1. Answer both A and B questions. A. What are the differences of time basis and piece rate basis system? (Elaborate, minimum of three sentences). B. Nora is a Business Analytics Manager at Namshi a multinational E-commerce company. She is paid OMR 30 per hour based on hourly rate, for 35 hours per week. According, to the agreement, she is eligible for overtime (time-and-a-half pay). Calculate the following. 1. If Nora worked for 47 hours in a week, what is her gross pay? 2. What is her overtime rate per hour? 3. What is her total overtime allowance? Answers:

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