Questions: Question 45 Salary is a term that represents compensation based on the number of hours worked. True False Question 46

The answer is False

This option suggests that a salary is based on the number of hours worked. However, this is not accurate. A salary typically refers to a fixed regular payment, often expressed as an annual sum, paid by an employer to an employee. It is not directly tied to the number of hours worked but is usually distributed in regular intervals, such as monthly or bi-weekly.

This option correctly identifies that a salary is not based on the number of hours worked. Instead, it is a predetermined amount that an employee receives regardless of the exact number of hours worked, as long as they fulfill their job responsibilities. This is in contrast to hourly wages, which are directly tied to the number of hours worked.