When an Employee's Pay Is Calculated as a Percentage of Sales

question 22

Multiple Choice

When an employee's pay is calculated as a percentage of sales, it is referred to as

• A) commissions.
• B) gainsharing.
• C) a merit plan.
• D) a variable wage plan.
• E) profit sharing.

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Definitions:

Organized Labor

Refers to labor unions and similar organizations that represent the collective interests of workers in negotiations with employers over wages, hours, benefits, and working conditions.

Service-Oriented Economy

An economic system where the primary focus is on the provision of services rather than the production of goods.

Pension Plans

Financial programs that provide income to individuals upon retirement, funded by employers or the government.

Invasion of the Body Snatchers

A novel and film franchise that explores themes of alien invasion and the replacement of humans with emotionless alien duplicates.