Which of the Following Is True About the Pay of Governors

question 147

Multiple Choice

Which of the following is true about the pay of governors?

• A)It is considerably less than that of CEOs of major corporations
• B)It is on par with those of head football coaches at major public universities
• C)It is less than $70,000 in most states
• D)It is lower than the average of American workers
• E)It is more than $200,000 in most states

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Definitions:

Monopoly Power

The ability of a company or group to control the market for its product or service, thus limiting competition.

Local Community

A group of people living in the same area or having a particular characteristic in common, often sharing local governance, resources, and interests.

Government-operated Firm

is a business entity controlled or owned by the government to provide goods or services to the public.

Residual Claimants

Individuals or entities that have a claim on the remaining assets of a company after all liabilities have been satisfied, typically the shareholders.