Chapter 13

Description

Cambridge IGCSE ICT Flashcards on Chapter 13, created by megvt on 12/11/2013.
megvt
Flashcards by megvt, updated more than 1 year ago
megvt
Created by megvt over 10 years ago
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Resource summary

Question Answer
What is time rate? People paid according to the time they work.
What is flat rate? A fixed amount per hour
What is overtime? If they work any extra hours they are paid overtime which is a higher rate paid to employees who work extra hours.
What is piece rate? Paid a rate per finished item that is made.
What are bonuses? A form of payment by results, but may be dependant on the performance of all staff within the business, not just the individual.
What is fringe benefits? Perks or benefits that are not a direct part of the salary package but which are often advertised with the job.
What is commission? Agreement between an employer and an employee - amount of money they get on top of their salary e.g. for every laptop they sell they get a certain percentage
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