Compensation expressed in terms of hours,weeks,or units produced for skilled or unskilled labor is usually referred to as salary.

Question

Quizplus · Accepted Answer

Compensation expressed in terms of hours, weeks, or units produced for skilled or unskilled labor is usually referred to as wages. Salary typically refers to a fixed amount of compensation paid on a regular basis, usually monthly or bi-weekly, regardless of the number of hours worked or production levels.

Compensation Expressed in Terms of Hours,weeks,or Units Produced for Skilled