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%.
B) 7.9%.
C) 12.6%.
D) 43.4%.
Correct Answer:
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