Alberta General Insurance Level 1 Practice Exam

Disable ads (and more) with a membership for a one time $2.99 payment

Ace your Alberta General Insurance Level 1 Exam with our comprehensive practice quiz. Tailored to mimic the real test, our quiz offers detailed explanations, expert tips, and all you need to succeed. Start your path to becoming a licensed professional today!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

What is a commission?

A fixed salary for employees
A one-time payment for services
Compensation based on a percentage of production
A bonus for reaching company goals

The correct answer is: Compensation based on a percentage of production

A fixed salary for employees is incorrect because a commission is typically not a fixed amount, but rather a percentage of sales or production. A one-time payment for services is incorrect because a commission is usually earned through ongoing sales or production, rather than a one-time service. A bonus for reaching company goals is incorrect because a commission is typically based on individual performance and sales, not company-wide goals.