BACHELOR OF BUSINESS ADMINISTRATION

BUSINESS ADMINISTRATION

HUMAN RESOURCES MANAGEMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
What is the definition of a wage?
A
a fixed amount of pay for each week, month, or year
B
extra compensation
C
a profit sharing plan
D
an amount of money paid on an hourly basis
Explanation: 

Detailed explanation-1: -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.

Detailed explanation-2: -An hourly wage is the amount an employee is paid per hour they work. A role that’s paid hourly doesn’t come with a set or target annual pay. Instead, an employer pays an employee based on how many hours they work each pay period, which might be a week, two weeks, half a month or a month.

Detailed explanation-3: -Hourly Basis means compensation paid according to the number of hours that employee actually works.

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: -Salaried workers earn a preset sum each pay period that isn’t determined by how many hours they work each week. Hourly workers get paid a per-hour rate, so their paychecks are based specifically on the number of hours they work.

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