Money paid to a person for managerial or administrative services is usually called wages, and the time period covered is usually hours or weeks.

Name: Money paid to a person for managerial or administrative services is usually called wages, and the time period covered is usually hours or weeks.
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Money paid to a person for managerial or administrative services is usually called salary, and the time period covered is usually months or years.

Money Paid to a Person for Managerial or Administrative Services