BACHELOR OF BUSINESS ADMINISTRATION

BUSINESS ADMINISTRATION

HUMAN RESOURCES MANAGEMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
A wage is an amount of money paid to an employee on a(n) ____ basis
A
hourly
B
weekly
C
monthly
D
yearly
Explanation: 

Detailed explanation-1: -Salary is generally paid at fixed intervals i.e. monthly. Whereas wages are paid on a daily basis for the number of hours spent. Salary is paid on the basis of the performance of an individual. Whereas wages are paid on hourly basis i.e. the amount of work done in hours.

Detailed explanation-2: -Hourly Basis means compensation paid according to the number of hours that employee actually works.

Detailed explanation-3: -Wages are a form of monetary compensation for employees. They are paid according to the amount of time worked by the employee.

Detailed explanation-4: -/weɪdʒ/ us. (also wages [ plural ]) an amount of money that is paid, usually every week, to an employee for their work: a daily/hourly/weekly wage This deal represents an hourly wage rate of $9.83.

Detailed explanation-5: -countable noun. Someone’s wages are the amount of money that is regularly paid to them for the work that they do. His wages have gone up. This may end efforts to set a minimum wage well above the poverty line. Synonyms: payment, pay, earnings, remuneration More Synonyms of wage.

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