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Under a Straight Commission Plan,compensation Is Based Entirely on a Percentage

question 81

True/False

Under a straight commission plan,compensation is based entirely on a percentage of sales.


Definitions:

Formal Contract

An agreement under seal.

Signed and Sealed

A phrase indicating that a document has been formally executed with the signature of the parties involved and sometimes a physical seal.

Postbox Rule

A legal doctrine stating that an offer is considered accepted once the acceptance is posted, not when the offeror receives it.

Communicate by Mail

The process of sending messages or information through postal services.

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