In Many Shops, Technicians Are Compensated Based on the Amount

question 73

Essay

In many shops, technicians are compensated based on the amount of work they produce. What is this pay system called?

---

Definitions:

Finance Company

A business that provides loans to individuals and companies, unlike banks, primary lending revolves around installment credit and financing consumer purchases.

Assignable Loan Contract

A loan agreement that allows the lender to transfer the loan to another party.

Simple Interest Rate

The simple interest rate is the percentage of an original sum of money (principal) charged for borrowing or paid for investment over a given period.

Urgently Needed Cash

Immediate requirement for liquid funds to cover expenses or investments.