Podcast
Play an AI-generated podcast conversation about this lesson
Questions and Answers
What is the main difference between salary and wage?
What is the main difference between salary and wage?
- Salary is only given to managers, while wage is for factory workers.
- Salary is a fixed amount, while wage is variable based on hours worked.
- Salary is for blue-collar workers, while wage is for white-collar workers.
- Salary is paid monthly, while wage is paid weekly. (correct)
'Boardroom row/dispute/split' refers to what kind of situation?
'Boardroom row/dispute/split' refers to what kind of situation?
- Serious disagreement among company directors (correct)
- Benefits package negotiation with employees
- Regular disagreements between employees and management
- Profit share distribution among board members
What is the purpose of commission?
What is the purpose of commission?
- To double an employee's pay through bonuses.
- To pay employees a fixed amount per week.
- To provide employees with free lunch at work.
- To give employees extra money for achieving targets. (correct)
What is the main difference between salary and basic salary?
What is the main difference between salary and basic salary?
Signup and view all the answers
Which term refers to money given to somebody, usually to waiters in restaurants?
Which term refers to money given to somebody, usually to waiters in restaurants?
Signup and view all the answers
What does overtime refer to?
What does overtime refer to?
Signup and view all the answers
What does the term 'Remuneration' refer to?
What does the term 'Remuneration' refer to?
Signup and view all the answers
What is a 'Benefit Package' in the context of employment?
What is a 'Benefit Package' in the context of employment?
Signup and view all the answers
What is the definition of fringe benefits?
What is the definition of fringe benefits?
Signup and view all the answers
What is a 'Performance-Related Bonus' based on?
What is a 'Performance-Related Bonus' based on?
Signup and view all the answers
What are 'Share/Stock Options'?
What are 'Share/Stock Options'?
Signup and view all the answers
Which term refers to the lowest amount allowed by law to be given to employees?
Which term refers to the lowest amount allowed by law to be given to employees?
Signup and view all the answers
