The ratio y/x is called the all of these EXCEPT which one?
1 answer:
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Piece rate, a type of pay is modelled in figure.
Answer: Option D
<u>Step-by-step explanation:</u>
The piece rate is the commission paid to the employee for the number of parts he/she worked with, for example, the number of pickled fruit bowls or the number of clothes sewn. Employee must get at least the appropriate minimum wage for every worked hour. According to this, the graph denotes the pay the employee gets for piece rate.
Whereas Commissions take place when an employee receives remuneration based on sales or other achieved goals, such as a percentage of the total value of sales. Some people work on a commission basis, others have an hourly wage and an additional commission on sales, others have a maximum commission, while others have an unlimited opportunity to earn a commission. Employee paid on commission basis must receive at least the appropriate minimum wage.
