ECONOMICS
BUDGETING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Irregular income
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Commission
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Gross income
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Overtime
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Detailed explanation-1: -In the tiered commission model, salespeople earn a certain percentage of commission on all sales up to a designated amount.
Detailed explanation-2: -A sales commission is a sum of money paid to an employee upon completion of a task, usually selling a certain amount of goods or services. Employers sometimes use sales commissions as incentives to increase worker productivity.
Detailed explanation-3: -1. 100% Commission. In a straight commission plan, the only income sales representatives earn comes directly from their sales.
Detailed explanation-4: -This means that the employee earns their entire salary based on a percentage of the sales they complete. This can be a very lucrative arrangement for highly talented and motivated salespeople.
Detailed explanation-5: -COMMISSIONS. Straight | Graduated | Piecework | End of Page. Straight Commission. Straight Commission is calculated to be the person’s wage based solely on sales. Graduated Commission. Graduated Commission is calculated into a person’s pay in addition to his/her regular salary or wage. Piecework Commission.