An Account Executive Receives a Base Salary Plus a Commission

question 39

Multiple Choice

An account executive receives a base salary plus a commission. With $17,000 in monthly sales, the account executive receives $1700. On $45,000 in monthly sales, the account executive receives $2700.
A. Determine a linear function that will yield the compensation of the sales executive for a given amount of monthly sales. Round any numbers in your function to the nearest hundredth.
B. Use this model, with coefficients rounded to the nearest hundreth, to determine the account executive's compensation for $36,700 in monthly sales. Round to the nearest dollar.

• A) (a) ; (b) $1468
• B) (a) ; (b) $1093
• C) (a) ; (b) $4763
• D) (a) ; (b) $2561
• E) (a) ; (b) $1468

Recognize the Pollyanna principle and its effect on perceptual selection.

Grasp the concept of perceptual sets and their development.

Understand the impact of personal traits such as conscientiousness on perception.

Learn about common types of perceptual errors and their implications.

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Definitions:

Months

Units of time, each roughly corresponding to one cycle of the moon’s phases, used in planning and scheduling.

Accrued Interest

Interest that has accumulated over time but has not yet been paid.

Loan

An amount of money borrowed that is expected to be paid back with interest.

Days

Units of time representing 24 hours, used universally to measure time periods shorter than a week.