The Compensation Plan in Which Virtually Every Type of Sales

question 5

Multiple Choice

The compensation plan in which virtually every type of sales activity is rewarded, is a:

• A) progressive incentive rate plan.
• B) salary plus commission plus bonus plan.
• C) straight commission.
• D) fringe benefit plan.
• E) none of the above.

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Definitions:

Chief Financial Officer

A senior executive responsible for managing the financial actions of a company, including financial planning and risk management.

Double Taxation

A taxation principle referring to income taxes paid twice on the same source of earned income, it can occur when income is taxed at both the corporate level and personal level.

Corporation

A legal entity that is distinct and separate from its owners, capable of owning property, incurring debt, and being sued or suing.

Stockholder

An individual or entity that owns shares in a publicly traded corporation, making them partial owners of the company.