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Business Math Ch. 1
Vocabulary
| Question | Answer |
|---|---|
| Pay that is one and a half times the regular pay rate. | Time-And-A-Half Pay |
| Pay that is twice the regular pay. | Double-Time Pay |
| A pay system in which commission is the only pay; there is no other wage or salary. | Straight Commission |
| A pay system in which the rate of commission increases as the base increases. | Graduated Commission |
| A wage system in which workers are paid by the number of pieces produced. | Piece Rate |
| Amount of money given to someone for services they provide. | Tips |
| An employee who is needed and paid by the day. | Per Diem |
| A person or company that an employee works for. | Employer |
| The total amount that an employee is paid. | Gross Pay |
| Time worked beyond the regular working day or week. | Overtime |
| A fixed amount of sales above which commission is paid. | Quota |
| A person who works for others. | Employee |
| A payment amount to a salesperson that may be an amount for each item sold or it may be a percent of the dollar value of sales. | Commission |
| An amount of pay each hour worked. | Hourly Rate |
| A single number used to represent a group of numbers. | Average |
| A fixed amount of money for each time period worked, such as a day, week, month, or year. | Salary |
Created by:
acopper
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