Salary differs from wages in that the salary ________
A) falls under the purview of the Fair Labor Standards Act
B) does not fall under the purview of the Fair Labor Standards Act
C) is based on a fixed amount per year
D) relates to exempt employees
E) is paid by the unit of time
Answer: C
Explanation: Most employees receive the bulk of their compensation in the form of salary, if they receive a fixed amount per year, or wages, if they are paid by the unit of time (hourly, daily, or weekly) or by the unit of output (often called "getting paid by the piece" or "piecework").
You might also like to view...
Global companies entering new markets will need to adapt their offerings, distribution systems, and operations to local demand and custom
Indicate whether the statement is true or false
When developing a social media strategy, what is the first issue that needs to be determined?
A) What are the goals when using social media? B) What is the cost of developing social media sites? C) What type of social media strategy should be in place? D) How will employees interact with social media? E) What social media sites should be utilized?