Commissions or Bonuses That a Salesperson Receives from a Company

question 51

Multiple Choice

Commissions or bonuses that a salesperson receives from a company are categorized as the of a compensation plan.

• A)fringe benefit
• B)base salary
• C)variable amount
• D)fixed amount
• E)pension component

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Definitions:

Spot Exchange Rate

The existing exchange value for immediate buying or selling of a currency.

Futures Price

The agreed-upon price for the future delivery of a particular commodity, financial instrument, or currency.

Risk-free Rates

Theoretical return rates on an investment assumed to have no risk of financial loss, typically represented by the yield on government securities.

Spot Exchange Rate

The spot exchange rate is the current price at which one currency can be exchanged for another for immediate delivery.