We had to match the following. Are these correct?
Piecework: A fixed payment is received for each item produced or completed.
Commission: Employees are usually paid a retainer and a certain percentage or amount based on the value of goods they have sold.
Wages: Employees are paid a set amount per period regardless of the number of hours worked.
Salary: Earnings based on the amount of time worked.
I have a feeling some of them are incorrect, and have searched them, but am really confused.
Help please?
Thanks guys.