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

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

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Industrial Engineering and Production Management
The correct sequence of phases in value engineering is

Investigation phase, information phase, creative phase, evaluation phase
Information phase, creative phase, investigation phase, evaluation phase
Creative phase, investigation phase, evaluation phase, information phase
Creative phase, information phase, investigation phase, evaluation phase

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