ECONOMICS
BUDGETING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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True
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False
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Either A or B
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None of the above
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Detailed explanation-1: -Companies usually pay commission monthly, quarterly or annually. A business may want to wait until the sales contract is signed and finalized and they receive funds to pay out the commission.
Detailed explanation-2: -It works differently at every company, but in general commission payment can be distributed monthly, quarterly, or yearly, depending on a company’s structure and when commission is considered “earned.” For example, a company may define commission “earned” for a salesperson as when the new client signs a contract.
Detailed explanation-3: -: a fee paid to an agent or employee for transacting a piece of business or performing a service. especially : a percentage of the money received from a total paid to the agent responsible for the business.
Detailed explanation-4: -Remember: If you don’t ask, you won’t receive! Timing is everything. Back it up with sales. Be willing to work for it. Ask for other incentives. Be flexible. Be positive. 26-Jun-2018