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.
A salary range, rather than a flat amount, is often provided when a company asks for salary requirements. For 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. salary range includes a low, mid-point and maximum salary. For example: 1  $30,000 (bottom of range). 2  $35,000 (median). 3  $40,000 (maximum). 4  Range: $30,000 - $40,000.