In an Evaluation of an Area as a Possible Site

question 68

Multiple Choice

In an evaluation of an area as a possible site for a facility location,quality-of-life considerations:

• A)would include factors such as crime rates and quality of schools.
• B)would include factors such as proximity to ports and rail facilities.
• C)seldom play an important role,because they have little to do with profitability.
• D)are usually the factors that receive the least attention.

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Definitions:

CPI

Consumer Price Index, a measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food, and medical care.

Wage Compression

A situation where there is a diminishing difference in pay between employees regardless of their skills, experience, or job responsibilities.

Pay Structure

The organization of different salary levels and scales that reflects the hierarchy of positions, responsibilities, and salaries within a company.

CPI

The Consumer Price Index is a calculation that determines the overall average cost of a selected collection of consumer goods and services, including categories like food, transportation, and healthcare.