Each Time an Employee at an Audio Store Makes a Sale

question 106

Multiple Choice

Each time an employee at an audio store makes a sale of $500 or more,the department manager awards a chocolate gold coin in recognition of the employee's accomplishment.This reward is known as a

• A) nonfinancial reward.
• B) financial reward.
• C) bonus.
• D) commission.
• E) salary increase.

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Definitions:

Bulk Transfer

The transfer of a substantial part of the materials, inventory, or supplies of a business outside the ordinary course of business.

Ordinary Course of Business

The regular, usual, and customary activities and operations that a company engages in to conduct its business.

Consignment

The process of handing over goods to another party to sell on behalf of the owner, yet ownership remains with the original party until the goods are sold.

Personal Property

Movable items owned by an individual or corporation, as opposed to real property like land or buildings.