BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -A salary is a fixed amount of money or compensation paid to an employee by an employer in return for work performed. Salary is commonly paid in fixed intervals, for example, monthly payments of one-twelfth of the annual salary.

Detailed explanation-2: -What is real wage? Real wage, or adjusted wages, is the amount of pay a person can expect to receive after factoring in the current inflation rate . For example, if a person’s nominal wage is $12.00, their real wage is above or below that amount depending on the current inflation rate.

Detailed explanation-3: -real wages or real income means the income of any individual or a group after considering the effects of inflation(increase in general level of prices) on purchasing power.

Detailed explanation-4: -Cash wages refer to the wages paid to the labour in terms of money. The salary paid to a worker is an instance of cash wages.