Examlex
Which of the following is an advantage of a home-based business?
Lump-sum Merit
A one-time merit payment awarded to an employee instead of a permanent salary increase.
Base Salaries
The initial rate of compensation given to an employee, not including any extra benefits, bonuses, or raises, which serves as a foundational income.
Merit Raise
An increase in salary given to an employee based on their job performance, as a reward for their contributions to the organization.
Base Wage
The initial rate of compensation an employee receives, excluding overtime, bonuses, or other additional payments.
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