People often complain bitterly when they learn that CEOs of non-profit companies like the United Way or the Red Cross earn salaries commensurate to what could be earned in by CEOs employed by for-profit companies? Is this complaint valid? Explain
What will be an ideal response?
When non-profit companies are looking for CEOs they often have to look for them in both the ranks of the non-profits and profit-making firms as well. In order to be competitive their offers often must be in line with what they can earn elsewhere. In other words, they have to be paid their opportunity cost.
You might also like to view...
If you go to the bank and notice that a dollar buys more Mexican pesos than it used to, then the dollar has
a. appreciated. Other things the same, the appreciation would make you less likely to travel to Mexico. b. appreciated. Other things the same, the appreciation would make you more likely to travel to Mexico. c. depreciated. Other things the same, the depreciation would make you less likely to travel to Mexico. d. depreciated. Other things the same, the depreciation would make you more likely to travel to Mexico.
Which of the following is TRUE about the political and market systems of voting?
A. The political voting system functions according to minority rule, while the market voting system functions according to majority rule. B. The political voting system functions according to proportional rule, while the market voting system functions according to majority rule. C. The political voting system functions according to majority rule, while the market voting system functions according to proportional rule. D. The political system and the market system are identical.