Multiple Choice
Suppose compensation is given by W = 450,000 + 220 + 15S,where W = total compensation of the CEO, = company profits (in millions) = $300,and S = sales (in millions) = $500.What percentage of the CEO's total earnings is tied to profits of the firm?
A) 6.0 percent
B) 7.9 percent
C) 12.6 percent
D) 43.4 percent
Correct Answer:
Verified
Correct Answer:
Verified
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