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Under a Straight Commission Plan,compensation Is Based Entirely on a Percentage

question 81

True/False

Under a straight commission plan,compensation is based entirely on a percentage of sales.


Definitions:

Contract

A binding pact between parties that has legal force and can be upheld in court.

Accept

To agree to receive or undertake something offered.

Offer

A proposal by one party to another to enter into a legal agreement, constituting one of the essential elements of a contract.

Counteroffer

A response to an offer in a negotiation, where the original offer is rejected and replaced with a new proposal.

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