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CIMAPRA17-BA2-1 Exam - Topic 2 Question 104 Discussion

The wages of a machine operator who is paid a guaranteed minimum wage plus a bonus for each unit produced would be described as A.
B) Semi-variable cost
A) Fixed cost
C) Variable cost
D) Stepped fixed cost

CIMAPRA17-BA2-1 Exam - Topic 2 Question 104 Discussion

Actual exam question for CIMA's CIMAPRA17-BA2-1 exam
Question #: 104
Topic #: 2
[All CIMAPRA17-BA2-1 Questions]

The wages of a machine operator who is paid a guaranteed minimum wage plus a bonus for each unit produced would be described as A.

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Suggested Answer: B

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Agreed, it's about production incentives.
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Amalia
2 months ago
I think it's a piece rate system.
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Cyndy
2 months ago
Sounds like a fair way to reward productivity!
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Oliva
2 months ago
Really? I’m not sure that’s how it works.
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Miesha
2 months ago
I thought it was just a flat salary, but this makes sense.
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Eloisa
2 months ago
Totally agree, it's a mix of guaranteed pay and performance.
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Chi
2 months ago
That's a piece rate system, right?
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Sharen
3 months ago
A. Nailed it! Now, if only I could get a bonus for every time I ace a question on this exam.
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Pauline
3 months ago
A. Easy peasy. Although, I hope the machine operator doesn't have to operate any heavy machinery while on a bonus-fueled sugar high.
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Jamey
3 months ago
A. Duh, it's not rocket science. Although, I do wonder if the machine operator gets a bonus for producing rocket parts.
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Glenn
3 months ago
I'm pretty sure the answer is A. Minimum wage plus bonus sounds like a good deal to me.
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Lachelle
3 months ago
This question is a piece of cake! The answer is clearly A.
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Willetta
3 months ago
I’m a bit confused. I thought "commission" was similar, but that usually applies to sales, right? I need to think this through more.
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Lynna
4 months ago
This question reminds me of a practice question we did on compensation structures. I think it could be "variable pay," but I need to double-check my notes.
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Tamra
4 months ago
I remember studying different wage types, and I feel like this is related to incentive pay, but I can't recall the exact terminology used in class.
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Candida
5 months ago
I think the answer might be "piece rate," but I'm not entirely sure if that's the right term for a guaranteed minimum wage plus bonuses.
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Annette
5 months ago
Ah, I know this one! The wage structure being described is a "piece rate" system, where the worker gets a base pay plus an additional amount for each unit produced. I'm confident that's the right answer.
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Cristy
5 months ago
Ugh, I'm not totally sure about this one. I remember discussing different wage structures in class, but I'm drawing a blank on the specific term for this setup. I'll have to take a guess and hope for the best.
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Pamella
5 months ago
Okay, let me think this through. The key information is that the worker gets a minimum wage plus a bonus per unit. I'm pretty sure that's called a "piece rate" wage, but I want to make sure before I answer.
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Glendora
5 months ago
Hmm, this seems like a straightforward question about wage structures. I think I know the answer, but I'll double-check my notes to be sure.
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