The concept by which pay is distributed based on work produced rather than hours worked was called _______________.

1 answer:

7 0

The concept by which pay is distributed based on work produced rather than hours worked was called piece work. Piece work, or output work as it is sometimes called, is the concept that workers are paid for work produced rather than the number of hours worked. Hope this answers the question. Have a nice day.

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A note is transacted through a single lender but it is similar to a bond payable.

<h3>What are bonds?</h3>

Bonds are the trading securities in the stock market which provide a constant amount of interest to the holder of bonds.

A note is a kind of debt where one party, that is, the payer agrees to pay back against the amount taken from the other party, that is, the lender. In the case of bonds, they are issued by companies to a large group of investors, called bond investors. Both are debts but contrasted on the basis of a number of lenders.

Therefore, the bond payable is similar to the note but differentiated due to the involvement of only one lender.

Learn more about the bonds in the related link:

brainly.com/question/14064867

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