ENTREPRENEURSHIP

ENTREPRENEURIAL OPERATIONS

HUMAN RESOURCE MANAGEMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
An amount paid for a job position stated on an annual basis is called a:
A
bonus
B
commission
C
wage
D
salary
Explanation: 

Detailed explanation-1: -A salary is a fixed amount of money or compensation paid to an employee by an employer in return for work performed. Salary is commonly paid in fixed intervals, for example, monthly payments of one-twelfth of the annual salary.

Detailed explanation-2: -Annual salary is the amount of money your employer pays you over the course of a year in exchange for the work you perform. Salary is usually cash only and does not include non-cash compensation.

Detailed explanation-3: -Basic salary is the amount agreed upon by an employer and employee excluding overtime or any other extra compensation.

Detailed explanation-4: -From Longman Business Dictionary ˈsalary ˌpayment [countable] a payment made to an employee for the work they have done, especially one who is paid monthlyEmployees’ contributions will be deducted from salary payments by employers.

Detailed explanation-5: -salary. noun. a fixed amount of money that you earn each month or year from your job.

There is 1 question to complete.