You Work at a Fast Food Chain and Are Paid

question 57

Multiple Choice

You work at a fast food chain and are paid $10 per hour. What is this form of compensation called?

• A) salary
• B) wages
• C) commission
• D) incentives

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Definitions:

Company

An organization engaged in commercial, industrial, or professional activities, either for profit or not-for-profit.

Preferred Stock

A category of corporate share that ranks above common stock in terms of asset and income claims, typically associated with predetermined dividend payments.

Par Value

The nominal value of a bond, stock, or coupon as stated in the financial instrument.

Shares

Ownership stakes in a company or financial asset that entail a proportional share in any distributed profits via dividends, should any be announced.