Which of the Following Statements Is FALSE

question 20

Multiple Choice

Which of the following statements is FALSE?

• A)homeowners with fixed-rate mortgages benefit from unanticipated high inflation
• B)the costs of unanticipated inflation can be ignored, since the gains and losses of induced wealth transfers tend to cancel each other out over the economy as a whole
• C)Social Security beneficiaries are better protected against unanticipated inflation than workers with long-term contracts
• D)at least until 1985, the U.S. government gained from unanticipated inflation at the expense of U.S. taxpayers
• E)workers who received the minimum wage greatly suffered from unanticipated inflation

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Definitions:

Evaluating Strategies

The process of assessing the effectiveness and efficiency of different business strategies to meet organizational goals and objectives.

Benchmarking

The practice of comparing business processes and performance metrics to industry bests or best practices from other industries to improve performance.

Organizational Standards

Predetermined levels of excellence that an organization seeks to achieve in its operations, products, and services, typically through the implementation of rules, guidelines, and procedures.

Standards

Established rules, criteria, or measures against which products, services, and processes are evaluated to ensure quality, safety, and consistency.