Which of the following plans is based on compensation of an employee for being an employee?
A)commission
B)salary
C)Time-based
D)wage
E)Skills/knowledge

Question

Quizplus · Accepted Answer

Salary is a fixed compensation paid regularly to an employee for performing their job duties, regardless of how much or how little work they do. It is based on the employee's position, level of responsibility, and experience, and is not tied to any specific performance measures or outcomes. Commission, wage, time-based, and skills/knowledge-based plans are all tied at least in part to the employee's performance or output.

Which of the Following Plans Is Based on Compensation of an Employee