A Sales Commission Is an Example of a ________ Compensation

question 49

Multiple Choice

A sales commission is an example of a ________ compensation plan.

• A) pay-for-knowledge
• B) profit-sharing
• C) gainsharing
• D) pay-for-performance
• E) Scanlon

Learn the disclosure requirements under AASB 8/IFRS 8 related to segment reporting.

Identify the entities to which AASB 8/IFRS 8 applies and understand early adoption provisions.

Apply the quantitative thresholds for determining reportable segments.

Recognize the required reconciliations under AASB 8/IFRS 8 and exceptions to these requirements.

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Definitions:

Express Contract

An agreement with clear, explicit terms that are communicated verbally or in writing between parties.

Implied Contract

A contract that arises not from words of agreement but from the conduct of the parties.

Executory Contract

An executory contract is a contract that has not yet been fully performed or completed by one or more parties.

Agreed Upon

A condition or decision reached by two or more parties after a negotiation or discussion.