Business Mathematics Quiz

What is the maximum number of work hours per day as prescribed by Article 83 of the Labor Code?

• 12 hours

• 10 hours

• 8 hours

• 6 hours

In the Salary Plus Commission type of commission, what additional compensation does a sales agent receive?

• Overtime pay

• Piece rate

• Fixed bonus

• Commission

If Mica's sales is Php 100,000 and her commission rate is 5%, how much is her total income if her salary is Php 15,000?

• Php 18,000

• Php 20,000

• Php 22,000

• Php 25,000

What type of commission requires sales agents to meet a certain number of sales before they can receive their commission?

• Commission with Quota

• Salary Plus Commission

• Straight Commission

• Graduated Commission

In the Straight Commission type of commission, what happens if no product is sold?

• No pay

• Fixed bonus

• Overtime pay

• Piece rate

What is the overtime pay equivalent to for an employee's regular working day?

• 20% of the regular pay

• 30% of the regular pay

• 15% of the regular pay

• 25% of the regular pay

Under what condition is an employee entitled to a pay equal to 130% or higher of their normal salary?

• Rest OR Special Holiday

• Ordinary Work Day

• Regular Holiday

• Rest Day ON Special Holiday

What is the formula for calculating separation pay for employees terminated from the company due to bankruptcy?

• R=(1/2)(P)

• R=(22.5)(P)(T)

• R=(22.5)(P)

• R=(1/2)(P)(T)

Under what law are married fathers granted 7 days fully paid leave?

• Labor Code

• R.A 8187

• TRAIN Law

• Paternity Leave Act of 1996

What is the maximum number of days for monetized unused vacation leave credits for private employees?

• 10 days

• 5 days

• 15 days

• 20 days