1.Imagine you are the President of a company (the company is your choice). Tell us about the product you are selling and which of the four pricing strategies you would use to determine your selling price? 2.During the financial crisis of 2008, Congress was particularly upset by the high salaries paid to CEOs of financial institutions that were losing money. Members of Congress argued that CEO compensation should be tied to profits such that in good times the CEO makes money, but in bad times s/he does not. Companies argue that such a practice would not only be impractical because no CEO would work under such conditions, but, furthermore, it is unethical because the CEO cannot control market conditions. Discuss the ethics of this situation.3.Explain the differences among piece-rate, commission, hourly, and salary pay. Give me a real life example of each.