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CEOs earn a much higher income than their employees. a) Briefly describe an explanation for high CEO compensation that centres on motivating those competing for

CEOs earn a much higher income than their employees.

a) Briefly describe an explanation for high CEO compensation that centres on motivating those competing for such positions. (1 mark)

b) Briefly describe an explanation for high CEO compensation that centres on a CEO's ability to impact a large number of workers. (1 mark)

c) Briefly describe an explanation for high CEO compensation that centres on characteristics of the board of directors. (1 mark)

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