Chelsea is a marketing manager and receives a lump sum payment from her company based on the company's higher-than-normal profits from last year. This compensation is called a ________
A) salary
B) wage
C) commission
D) bonus
E) defined contribution plan
D
Explanation: D) A bonus is compensation based on total corporate profits and helps tie the employee's efforts to the company's bottom line.
Business
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An advantage of issuing bonds over common stock is that bondholders do not have voting rights.
a. true b. false
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