If a Company Paid Its Workers Additional Compensation at the End

question 20

Multiple Choice

If a company paid its workers additional compensation at the end of the year as a thank-you for good work,this would most likely be called

• A) wages.
• B) commission.
• C) a salary.
• D) profit sharing.
• E) a bonus.

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Definitions:

Budget Line

A graphical representation that shows all possible combinations of two goods that a consumer can afford with their income level.

Net Seller

An entity or individual who sells more of a commodity, security, or other assets than they buy.

Budget Line

A graphical depiction of all possible combinations of two goods that can be purchased with a given income and prices, showing the trade-off between them.

Price Fall

A decrease in the price level of goods or services in the market.