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1. Explain the difference between exempt and nonexempt (related to jobs)?

2. It was reported in the news that the average pay for most university presidents was around $377,00 per year, but that a few earned much more. For example, the president of Yale University received more than $1 million in 2016. Discuss why you would (or would not ) pay university presidents as much as or more than many corporate CEOs.

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