ENTREPRENEURSHIP

Detailed explanation-1: -Hence salary of general manager is a fixed expenses.

Detailed explanation-2: -Fixed pay implies a base salary.

Detailed explanation-3: -Fixed compensation is the fixed pay that an employee receives, whereas variable compensation is the pay that varies based on the employee’s performance in their field. A variable allowance in salary is a variable component of the salary structure, such as incentives, bonuses, or commissions.

Detailed explanation-4: -Explanation: Individuals who work for other people and receive a fixed salary at the end of the month are commonly referred to as employees.