Table 5-5 Gives Data on the Consumer Price Index for a Particular

question 141

Multiple Choice

Table 5-5 gives data on the consumer price index for a particular city. The base year is 2002. Use the table to answer questions .
Table 5-5

-Refer to Table 5-5. What is the inflation rate in 2005?

• A) 5%
• B) 20%
• C) 25%
• D) 50%

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Definitions:

Value Chain

This concept describes the full range of activities that businesses go through to bring a product or service from conception to delivery to the final consumer.

Transformational Chain

The interconnected steps or processes that lead to a significant change or metamorphosis in an organization or system.

Materials Requirement Plan

A system used in manufacturing to coordinate the supply of materials with production schedules to ensure that materials are available when needed.

Contingency Theories

A class of behavioral theory that contends that there is no one best way of organizing a corporation, leading a company, or making decisions, instead it depends on various situational factors.