In which type of contract does the agent receive a share of revenues earned?
A)A commission-based contract.
B)A sharecropping contract.
C)A piece rate contract.
D)A contract with stock options as salary.

Question

Quizplus · Accepted Answer

A commission-based contract is one in which the agent (such as a salesperson) receives a percentage of the revenue earned on each sale they make. This incentivizes the agent to work harder and generate more revenue, as they directly benefit from the amount of sales they make.

In Which Type of Contract Does the Agent Receive a Share