In 2013, the Average Compensation of the 100 Highest-Paid Chief

question 36

Multiple Choice

In 2013, the average compensation of the 100 highest-paid chief executive officers (CEOs) in the United States

• A)was less than $500,000.
• B)was almost $1 million.
• C)was just over $10 million
• D)exceeded $30 million.

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Definitions:

Credit Terms

Conditions under which credit is extended by a seller to a buyer, detailing the repayment period, any discounts for early payment, and penalties for late payment.

Discount Period

The timeframe during which a payment may be made at a reduced rate, often used in terms of sales or note receivables.

FOB Destination

This Incoterm means that the seller bears all costs and risks of transporting goods until they are delivered to the buyer's specified location.

FOB Shipping Point

FOB Shipping Point is a freight term indicating that the buyer assumes responsibility for the goods and the cost of shipping the moment the goods leave the seller’s premises.