In Bruce's Work as a Sales Representative, He Not Only

question 91

Multiple Choice

In Bruce's work as a sales representative, he not only sells the product to customers but he provides technical assistance by helping with set up and troubleshoots problems. The best incentive plan for Bruce would be a:

• A) straight commission plan.
• B) differential piecework plan.
• C) straight salary plan.
• D) mixed salary/commission plan.
• E) standard hour plan.

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Definitions:

Cash Payment

is the act of settling a transaction or discharging a debt by using physical currency or through a digital medium representing immediate value.

Internal Control Objectives

The goals aimed at ensuring the reliability of financial reporting, compliance with laws and regulations, and effectiveness of operations.

Financial Reports

Documents that provide an overview of a company's financial condition, including balance sheets, income statements, and statements of cash flows.

Applicable Laws

The set of relevant laws and regulations that apply within the jurisdiction of a business operation or transaction.