Alberta General Insurance Level 1 Practice Exam 2025 – 400 Free Practice Questions to Pass the Exam

Question: 1 / 400

What is a commission?

A fixed salary for employees

A one-time payment for services

Compensation based on a percentage of production

A fixed salary for employees is incorrect because a commission is typically not a fixed amount, but rather a percentage of sales or production.

A one-time payment for services is incorrect because a commission is usually earned through ongoing sales or production, rather than a one-time service.

A bonus for reaching company goals is incorrect because a commission is typically based on individual performance and sales, not company-wide goals.

Get further explanation with Examzify DeepDiveBeta

A bonus for reaching company goals

Next Question

Report this question

Download Alberta General Insurance Level 1 Practice Exam 2025 – 400 Free Practice Questions to Pass the Exam PDF Study Guide
Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy