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What differentiates the nature of fees in a profession from that in employment ?
- a)Professional fee is generally regular and certain, with limited capital needed for establishment
- b)Employment involves fixed and regular pay with no capital required
- c)Professional fee is based on commission and bonuses, posing higher risks
- d)Employment requires capital investment for establishment with variable income
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
What differentiates the nature of fees in a profession from that in em...
In a profession, fees are typically regular and certain, with limited capital needed for the establishment of services. This differs from employment, where fixed and regular pay is common and no capital investment is generally required. The stability of professional fees often provides a predictable income stream for those in professional fields.
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What differentiates the nature of fees in a profession from that in em...
Professional Fee vs. Employment Income
Professional fee and employment income differ in various aspects, including the nature of fees involved.
Professional Fee:
- Professional fee is generally regular and certain, as it is based on the services provided by a professional, such as a lawyer, doctor, or consultant.
- There is limited capital needed for establishment in a profession, as professionals typically rely on their expertise and skills to earn their income.
- Professionals may charge a fixed fee for their services, which provides them with a steady income stream.
Employment Income:
- Employment involves fixed and regular pay, where individuals receive a salary or wages for the work they perform for their employer.
- Unlike in a profession, no capital investment is required for employment, as employees are hired by companies to perform specific roles.
- Employment income is stable and predictable, as employees receive a predetermined amount of compensation for their work.
In conclusion, the nature of fees in a profession and employment differs significantly, with professional fees being regular and certain, while employment income is fixed and steady.
Professional fee and employment income differ in various aspects, including the nature of fees involved.
Professional Fee:
- Professional fee is generally regular and certain, as it is based on the services provided by a professional, such as a lawyer, doctor, or consultant.
- There is limited capital needed for establishment in a profession, as professionals typically rely on their expertise and skills to earn their income.
- Professionals may charge a fixed fee for their services, which provides them with a steady income stream.
Employment Income:
- Employment involves fixed and regular pay, where individuals receive a salary or wages for the work they perform for their employer.
- Unlike in a profession, no capital investment is required for employment, as employees are hired by companies to perform specific roles.
- Employment income is stable and predictable, as employees receive a predetermined amount of compensation for their work.
In conclusion, the nature of fees in a profession and employment differs significantly, with professional fees being regular and certain, while employment income is fixed and steady.
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What differentiates the nature of fees in a profession from that in employment ?a)Professional fee is generally regular and certain, with limited capital needed for establishmentb)Employment involves fixed and regular pay with no capital requiredc)Professional fee is based on commission and bonuses, posing higher risksd)Employment requires capital investment for establishment with variable incomeCorrect answer is option 'A'. Can you explain this answer? for Grade 11 2025 is part of Grade 11 preparation. The Question and answers have been prepared according to the Grade 11 exam syllabus. Information about What differentiates the nature of fees in a profession from that in employment ?a)Professional fee is generally regular and certain, with limited capital needed for establishmentb)Employment involves fixed and regular pay with no capital requiredc)Professional fee is based on commission and bonuses, posing higher risksd)Employment requires capital investment for establishment with variable incomeCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for Grade 11 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What differentiates the nature of fees in a profession from that in employment ?a)Professional fee is generally regular and certain, with limited capital needed for establishmentb)Employment involves fixed and regular pay with no capital requiredc)Professional fee is based on commission and bonuses, posing higher risksd)Employment requires capital investment for establishment with variable incomeCorrect answer is option 'A'. Can you explain this answer?.
What differentiates the nature of fees in a profession from that in employment ?a)Professional fee is generally regular and certain, with limited capital needed for establishmentb)Employment involves fixed and regular pay with no capital requiredc)Professional fee is based on commission and bonuses, posing higher risksd)Employment requires capital investment for establishment with variable incomeCorrect answer is option 'A'. Can you explain this answer? for Grade 11 2025 is part of Grade 11 preparation. The Question and answers have been prepared according to the Grade 11 exam syllabus. Information about What differentiates the nature of fees in a profession from that in employment ?a)Professional fee is generally regular and certain, with limited capital needed for establishmentb)Employment involves fixed and regular pay with no capital requiredc)Professional fee is based on commission and bonuses, posing higher risksd)Employment requires capital investment for establishment with variable incomeCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for Grade 11 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What differentiates the nature of fees in a profession from that in employment ?a)Professional fee is generally regular and certain, with limited capital needed for establishmentb)Employment involves fixed and regular pay with no capital requiredc)Professional fee is based on commission and bonuses, posing higher risksd)Employment requires capital investment for establishment with variable incomeCorrect answer is option 'A'. Can you explain this answer?.
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What differentiates the nature of fees in a profession from that in employment ?a)Professional fee is generally regular and certain, with limited capital needed for establishmentb)Employment involves fixed and regular pay with no capital requiredc)Professional fee is based on commission and bonuses, posing higher risksd)Employment requires capital investment for establishment with variable incomeCorrect answer is option 'A'. Can you explain this answer?, a detailed solution for What differentiates the nature of fees in a profession from that in employment ?a)Professional fee is generally regular and certain, with limited capital needed for establishmentb)Employment involves fixed and regular pay with no capital requiredc)Professional fee is based on commission and bonuses, posing higher risksd)Employment requires capital investment for establishment with variable incomeCorrect answer is option 'A'. Can you explain this answer? has been provided alongside types of What differentiates the nature of fees in a profession from that in employment ?a)Professional fee is generally regular and certain, with limited capital needed for establishmentb)Employment involves fixed and regular pay with no capital requiredc)Professional fee is based on commission and bonuses, posing higher risksd)Employment requires capital investment for establishment with variable incomeCorrect answer is option 'A'. Can you explain this answer? theory, EduRev gives you an
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