Which of the following statements are true/false?<br>1. Piece rate system is easy to calculate the wages under this method as it provides certainty of the amount of wage payment to the employee.<br>2. In time wage system, there is fixed wage because the wages are dependent on the units of pieces produced.<br>3. Time wage system is based on the fact that the workers are paid on the basis of amount of time they spend on the doing the particular job.<br>4. Piece rate system is based on the fact that workers are paid the wages on the basis of quantity and quality of work performed by them.

Correct Answer: 3, 4 are true and 2, 1 are false