In 2009, the Obama Administration Established a Maximum Limit on Executive

question 61

Multiple Choice

In 2009, the Obama administration established a maximum limit on executive salaries for firms that received bailout funds. What was the amount of that salary limit?

• A) $250,000
• B) $500,000
• C) $750,000
• D) $1,000,000
• E) $1,500,000

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Definitions:

Reshoring

The process of bringing manufacturing and production back to a company's original country from overseas to benefit from lower costs, better quality control, or tighter supply chain management.

Firm's Product

The goods or services produced and offered by a business to its customers.

Economic Climate

The overall state and conditions of an economy, affecting business confidence, consumer spending, and financial markets.

Economies Of Scale

The cost advantage achieved when production becomes efficient, as the output increases, the average cost per unit decreases.