Refer to the Information Provided in Table 22

question 193

Multiple Choice

Refer to the information provided in Table 22.6 below to answer the question(s) that follow.
Table 22.6
-Refer to Table 22.6. If 2015 is the base year, the price index in 2015 is

• A) 1000.
• B) 100.
• C) 10.
• D) 1.

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Definitions:

Illegal

Refers to actions or activities that are forbidden by law and subject to criminal penalties and sanctions.

Procedural Unconscionability

A legal term referring to a situation where one party to a contract is at such a severe disadvantage, usually because of imbalanced bargaining power, that the contract becomes unfair.

Consequential Damages

Damages that do not flow directly and immediately from an act but rather flow from the results of the act; damages that are indirect consequences of a breach of contract or certain other legal wrongs. Examples include personal injury, damage to property, and lost profits.

High Price Term

A condition or aspect of a contract that involves a significant cost or financial obligation.