Most Compensation Plans Credit a Salesperson with a Sale

question 28

Multiple Choice

Most compensation plans credit a salesperson with a sale:

• A) When the order is accepted by the company, less any returns and allowances
• B) After payment is received from the customer
• C) Only after the goods have been shipped
• D) In a combined manner, where one-half of the sale is assigned when the order is received and the other half when the customer pays
• E) In a variety of ways, with no one way being more popular than any other

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Definitions:

Medical Insurance

A form of insurance coverage that pays for medical and surgical expenses incurred by the insured, typically through direct payment or reimbursement.

Optical Insurance

A type of health insurance coverage that includes benefits for vision care, including eyeglasses, contact lenses, and eye exams.

Dental Insurance

A type of health insurance designed to cover a portion of the costs associated with dental care, including routine check-ups, cleanings, x-rays, and other treatments.

Unemployment Compensation

Financial payments made to individuals who have lost their job without fault on their own part, intended to provide temporary financial support.