In Which Type of Contract Is the Agent Paid Per

question 50

Multiple Choice

In which type of contract is the agent paid per unit of output?

• A)A commission-based contract.
• B)A sharecropping contract.
• C)A piece rate contract.
• D)A contract with stock options as salary.

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Definitions:

Industry

A sector of the economy that includes all businesses involved in the production or processing of goods, provision of services, or related activities.

Market System

In this economic structure, supply and demand forces directly influence decisions around investment, production capacity, and distribution methods, with the price points of goods and services being freely determined in a competitive price system.

Expanding Industry

An industry or sector experiencing significant growth in terms of output, sales, or number of participants.

Resource Prices

The costs associated with acquiring raw materials or inputs used in the production of goods and services.