Learning Objective
Key Terms
What Are Sources of Earned Income?
Wages
Would you prefer to be paid wages or a salary? Why?
FIGURE 1.4.1 Advantages and Disadvantages of Payment by Wages
Tips and Commissions
People who work for salaries often have jobs which are:
Which of the following is an advantage of a salary?
Minimum salaries are guaranteed for all employees in Saudi Arabia.
Employees in full-time, permanent jobs with fixed working patterns usually work for wages.
Which of the following describes an advantage of tips?
In which of the following roles could payment by commission be a positive motivator?
There are no limits to working hours in Saudi Arabia.