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Suppose Compensation Is Given by W = 500,000 + 200

Question 41

Multiple Choice

Suppose compensation is given by W = 500,000 + 200 + 17S,where W = total compensation of the CEO, = company profits (in millions) = $400,and S = sales (in millions) = $700.What percentage of the CEO's total earnings is tied to profits of the firm?


A) 2.0 percent
B) 13.5 percent
C) 19.6 percent
D) 31.4 percent

Correct Answer:

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