Industrial Engineering and Production Management
The time required to complete a task is established and a bonus is paid to the worker for every hour he saves from the established time required. This type of incentive plan is known as

Rowan Plan
Taylor Differential Piece rate system
Day work plan
Halsey Premium plan

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Industrial Engineering and Production Management
The purpose of micro-motion study is to

Assist in finding out the most efficient way of doing work
Train the individual operator regarding the motion economy principles
Help in collecting the motion time data for synthetic time standards
All of these

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Industrial Engineering and Production Management
Activity slack or float of any event on a PERT/CPM chart is represented by

Latest start time of succeeding event earliest finish time of preceding event activity time
Latest start time of the event earliest start time of the event
Anyone of the above
Latest finish time of event earliest finish time of the event

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