Steve Nyren Is Paid on a Salary-Plus-Commission Basis

question 81

Multiple Choice

Steve Nyren is paid on a salary-plus-commission basis. He receives $488 weekly in salary and a commission based on 1.1% of all weekly sales over $15,000. If he sold $23,700 in merchandise in one week, find his gross earnings for the week.

• A) $1445.00
• B) $95.70
• C) $583.70
• D) $748.70

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Definitions:

Supply Chain Management

The organization and oversight of a product's complete journey from raw materials to production and finally to the consumer.

Value Chain Management

An approach that focuses on maximising value creation and competitive advantage by effectively managing the flow of goods, information, and collaboration across all the business processes and functions.

Total Quality Management

A comprehensive approach to long-term success that views continuous improvement in all aspects of an organization's operations as a process and not as a short-term goal.

Governmental Regulatory Agencies

Official organizations responsible for creating and enforcing rules and regulations to protect public interest in various sectors such as finance, health, and the environment.