Question:-
Rowan incentive plan is given by (R = hourly rate, Ta = Actual time taken for job, Ta = Standard time for job and E = Earnings)
E = R x Ta + {(Ts-Ta) / Ts} x Ta x R
The shape of the curves between bonus earned and percentage time saved is a
Option (A)
Straight line
Option (B)
Parabola
Option(C)
Horizontal line
Option(D)
Vertical line
Correct Option:
(B)
Question Solution:
this is the equation of parabola
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