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Valley View Farms enters into a contract to sell Sarah's Corner Shop a truckload of eggs from free-range chickens. If Valley View fails to deliver the eggs, Sarah's
Base Pay
The initial salary or wage given to an employee excluding any extra benefits, bonuses, or raises, which serves as the foundation for total compensation.
Pay Raise
An increase in an employee's salary or wages, often awarded for merit, length of service, or to adjust for inflation.
Pay Gap
The disparity in average earnings between different groups of people within the workforce, often highlighted in discussions about gender or racial wage differences.
CEO Pay
Compensation received by the chief executive officer of a company, often comprising salary, bonuses, and stock options.
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