A Real Estate Salesperson Whose Pay Is Based on the Price

question 53

Multiple Choice

A real estate salesperson whose pay is based on the price of the home he or she sells is an example of

• A)a gainsharing plan.
• B)commission pay.
• C)piece-rate pay.
• D)a modified gainsharing plan.
• E)skill-based pay.

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Definitions:

Outside Directors

Board members who are not part of the company's day-to-day operations, providing independent, unbiased perspectives on governance and strategy.

Sustainable Strategic Competitiveness

Refers to a company's capability to formulate and implement a value-creating strategy based on business sustainability principles.

Reactor Strategy

A reactor strategy is a type of business approach where an organization reacts to external forces and changes without a consistent strategic plan, often in response to immediate challenges rather than long-term goals.

Competitive Pressures

The influence exerted by competing organizations in a market, compelling businesses to continually improve and innovate.