Answer: True- Price ceiling
Step-by-step explanation:
The price ceiling is one of the type of situation which is typically used by the government for protecting the various types of conditions for the users or consumers.
The price ceiling is basically occur when the price of any type of product in the market increases more than the actual equilibrium price and it is majorly determined by the market forces of the given supply and the demand curve.
According to the given situation, the given example of the limiting the salaries to the company executives is best illustrating the price ceiling concept that helps in limiting the compensation.
Therefore, Price ceiling is the correct answer.