Identify the types of direct financial payment from the options given below?
Identify the types of direct financial payment from the options given below?
Solution
Direct financial payments are of two types: time based or performance based.
Think of it like this:
Compensation
→ Direct financial payments + Indirect payments
Under Direct financial payments
→ Time-based or Performance-based
Under these, you may receive
→ wages / salary / incentives / commissions / bonuses
This is present in NCERT:
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