Regarding the Rowan Incentive Plan of wage compensation, which of the following statements are correct? A. The bonus under this plan is calculated proportional to the ratio of time saved to the standard time. B. Total earnings are determined by adding the calculated bonus to the time wages for actual time taken. C. If the standard time is 20 hours and a worker takes 16 hours at a rate of ₹2 per hour, the bonus earned is ₹6.40. D. The bonus is calculated by multiplying time saved by a fixed flat percentage (like 50%) regardless of time taken. Choose the most appropriate answer from the options given below:

Which of the following statements regarding the 'B' unit system and the Bedaux Compensation Plan are correct? A. A 'B' unit is defined as the amount of work an average worker completes in one minute, including normal allowance for fatigue and rest. B. The standard time for operations is expressed in 'Bs', where one hour of standard work is equivalent to 60 'Bs'. C. If a worker's actual time exceeds the standard 'Bs' allotted, the worker loses their guaranteed minimum time wage. D. The daily accumulation of earned 'Bs' is often displayed publicly to encourage performance and healthy competition. Choose the most appropriate answer from the options given below:

Under the Halsey Premium Plan of incentive compensation, which of the following methods is used to determine the bonus or premium paid to a worker?