Reactant: a substance which is in a chemical reaction. Product: substance which is produced by the chemical reaction. A chemical change that you are familiar with is rust. In this chemical reaction, oxygen and iron, which are the reactants, combine to form a product called iron oxide(rust).
Term Definition. Draw against commission is a salary plan based completely on an employeeâs earned commissions. An employee is advanced a set amount of money as a paycheck at the start of a pay period.
From an employer perspective, the salary range is the amount of compensation paid for a specific position. For example, if the starting pay for a job is $20,000 and the maximum salary for the position, after merit increases and tenure on the job, is $30,000, the salary range for the job is $20,000 - $30,000.or example, if a job posting asks for salary requirements, a candidate could say in the $25,000 - $35,000 range. Giving a range provides for flexibility both in being considered for the job and in negotiating salary.