Final answer:
A pay chart model based on volume per day would most likely refer to a payment per document system, where compensation correlates with the quantity of work done daily, such as in piece-rate systems.
Step-by-step explanation:
The question 'What would a per chart model based on volume per day look like?' is likely referring to a compensation model that is structured around the volume of work done per day. In this context, a percentage-based compensation plan would not strictly be about volume per day; rather, it would involve earning a percentage of sales or profits. An hourly payment structure pays employees for each hour worked, and a fixed monthly salary provides a consistent amount regardless of the daily volume of work. The most fitting option would be payment per document, assuming 'document' correlates to a quantifiable unit of work completed in a day.Considering the explanation provided using 'percentage change,' it demonstrates how a pay raise represents a percentage increase over the initial hourly rate. For instance, a $2 raise on a $10 per hour job results in a 20% pay increase, calculated by dividing the change in salary ($2) by the original salary ($10). This illustrates the percentage change formula but is separate from the concept of volume-based compensation models like piece-rate systems, which pay workers based on the number of units produced or services rendered.
Regarding piece-rate systems, these are indeed tied to the volume of work. If a worker completes more units or documents, their pay increases in direct proportion to their output. This aligns with the concept of a pay model based on volume per day, wherein compensation would grow with each additional unit of work completed within the day.A per chart model based on volume per day could use the payment per document option (D).For example, let's say a company pays $0.50 per document processed. If an employee processes 100 documents in a day, they would earn $0.50 × 100 = $50 for that day.This payment structure is based on the volume of work completed and provides an incentive to be productive and efficient.