The ________ method of payment uses a percentage of dollar sales in calculating compensation.
A. employee discount
B. commission
C. straight salary
D. bonus
E. combination
Answer: B
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Which of the following is NOT true regarding visual aids?
a. They make it harder to be concise. b. They can share otherwise too complex information. c. They can explain in ways that only words cannot. d. They can help save time.
Which of these statements about consumer demand as a pricing constraint is most accurate?
A. The number of potential buyers for the product class has little effect on the price a seller can charge. B. The number of potential buyers generally affects the price a seller can charge. C. The number of potential buyers for the brand affects the price a seller can charge in the growth stage of a product life cycle, but not in the introductory stage. D. The number of potential buyers for the product affects the price a seller can charge, but only if the product is a luxury item. E. The number of potential buyers for the product affects the price a seller can charge, but only if the product is a necessity item.
In determining insurance limits and deductibles, an important concept is that insurance should be used to pay big losses rather than small losses
The objective is to insure big losses that could cause financial ruin and to exclude small losses that can be budgeted out of current income. This concept is called the A) law of large numbers. B) efficient loss-cost concept. C) large-loss principle. D) retention-transfer tradeoff.
Employee behaviors that are directly involved in the transformation of organizational resources into the goods or services that the organization produces are referred to collectively as
A. behaviorally anchored rating scales. B. task performance. C. citizenship behavior. D. job performance. E. civic virtue.