Barry Is an Employee Who Works as a Sales Person

question 48

Multiple Choice

Barry is an employee who works as a sales person and receives commission for all sales he receives for a pharmaceutical company. When Alexia, Barry's boss, gives Barry his check on Friday, he believes that he should have been compensated more due to his sales for the week. Barry can ask Alexia for a(n) ________

• A) specific performance.
• B) accounting performance.
• C) audit of accounts
• D) compensation check
• E) accounting.

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Definitions:

Market Exposure

The degree to which an investment or portfolio is exposed to market risk.

Securities Act of 1933

A U.S. federal law aimed at ensuring transparency and fairness in the securities market by requiring companies to disclose relevant financial information.

Investment Company Act of 1940

US federal legislation that regulates the organization of investment companies and the activities they engage in.

NAV (Net Asset Value)

The per-share value of a mutual fund or ETF, calculated by dividing the total value of all the securities in its portfolio, minus liabilities, by the number of shares outstanding.