The Base Salary of a Salesman Working on Commission Is

question 74

Multiple Choice

The base salary of a salesman working on commission is $11,000. For each $100,000 of sales beyond $100,000 he is paid a $2,000 commission. Sketch a graph showing his earnings as a function of the level of his sales x. ​

• A) ​
• B) ​
• C) ​

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Definitions:

Reputation

The general perception or opinion of the public or a specific group about an individual, organization, or entity.

Proactive Firms

Businesses that anticipate and act on future needs or changes, rather than reacting to events after they happen.

Profit

The financial gain obtained when the revenue from business activities exceeds the expenses, costs, and taxes involved in maintaining the activity.

Market Share

The percentage of total sales revenue in an industry generated by a particular company.