Examlex
Which among the following statements is TRUE?
Commission
A fee paid to an agent or employee for transacting a piece of business or performing a service, especially a percentage of the money received from a total paid to the agent responsible for the business.
Principals
The original amount of money invested or loaned, on which basis interest and returns are calculated.
Total Commission
The entire amount of money earned by an individual or a company as a result of successfully completing a sale or series of sales.
Commission Payment Plans
Arrangements where salespersons or employees are paid based on their sales or performance, usually as a percentage of the revenue they generate.
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