CT #3 Chief Executive fcer {CED} Pay: There are several possible methods for determining the pay of CEOs in large corporations. Using the three methods listed below; list the advantages and disadvantages of each method. Then choose one method as the best and explain why it is the preferred method: (1) Market determination of pay through supply and demand {2} Maximum cap on CED pay set by national legislation and (3) Pay set by board of directors based on survey of comparable corporations. Your response must be no less than l' I.vords. (This assignment deals with wages and labor market conditions along with supply and demand.) PS. This critical thinking assignment is an application of lmowledge gained (fundamental economic concepts and terms and how they are used by individuals, business and governments] to date as covered in chapters 1 through '3" in your textbook. This assigmnent challenges each student to logically {using the critical thinking. ..forming your own opinions and what you have learned to date in this course) address the pros and cons (based upon the student's understanding} of the three options presented. You may also search the Internet to read about (and reference] what other's think about the three options. The substance of this assignment has been (and continues to be) a hot buttonftopic of concern for many in the United States. Remember to provide works cited if you use the words and ideas of others. 1. Market determination of pay through supply and demand. 2. Maximum cap on CED pay set by national legislation. 3. Pay set by board of directors based on survey of comparable corporations