AQA GCSE Business · 8132
Paper 1
Revise: Methods of MotivationTwo main methods of payment are salary and wages.
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GCSE Business · key term
A fixed annual amount of pay, usually paid in monthly instalments.
Used by AQA and OCR
Paper 1
Revise: Methods of MotivationTwo main methods of payment are salary and wages.
Paper 1
A fixed amount of pay for a period of employment, usually stated annually.
Revise: Financial Motivation MethodsA wage is commonly based on hours worked, whereas a salary is a fixed amount for a period of employment, usually quoted as an annual figure.
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