BUSINESS ADMINISTRATION
BUSINESS MATHEMATICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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First payment that one makes when one buys something with an agreement to pay the rest later.
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The total amount of money a bank has on deposit before adjusting foruncleared checks or deposits, as well as reserve requirements.
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A fee that a business pays to a salesperson (agent) in exchange for his services in either facilitating, supervising, or completing a sale.
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A loan when you use your property as collateral for a loan from afinancial institution.
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Detailed explanation-1: -A commission is a fee that a business pays to a salesperson in exchange for his or her services in either facilitating, supervising, or completing a sale. The commission may be based on a flat fee arrangement, or (more commonly) as a percentage of the revenue generated.
Detailed explanation-2: -Straight Commission is calculated to be the person’s wage based solely on sales.
Detailed explanation-3: -Commission, also known as sales commission, is a payment given to employees based on the sales they make. Create invoices for free with SumUp Invoices. Commission is often calculated as a percentage of the value of a sale.
Detailed explanation-4: -Sales commission is a key aspect of sales compensation. It’s the amount of money a salesperson earns based on the number of sales they have made. This is additional money that often complements a standard salary.