After Completing an 18-Week Sales Training Program, Joshua Was Told

question 61

Multiple Choice

After completing an 18-week sales training program, Joshua was told, "You will be paid 4 percent on net dollar volume up to $10 million. Sales in excess of $10 million command a rate of 6 percent." The company Joshua works for is using a ________ for him after completing the sales training program.

• A) sales response compensation plan
• B) combination compensation plan
• C) straight sales compensation plan
• D) straight commission compensation plan
• E) market share compensation plan

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Definitions:

Corporation

A corporation is a legal entity that is separate and distinct from its owners, formed by a group of people or shareholders, and recognized as having rights and responsibilities similar to those of an individual.

Statutes

Laws or acts enacted by a legislative body to regulate, authorize, sanction, grant, declare, or restrict.

Share Exchanges

The process of trading shares of different companies, often used in mergers and acquisitions to consolidate ownership.

Domestic Corporations

Companies that are incorporated and operate within their home country, following its laws and regulations.