The Table Below Shows Hypothetical Tuition Costs at a Canadian

question 117

Multiple Choice

The table below shows hypothetical tuition costs at a Canadian university. TABLE 2-1 Refer to Table 2-1.Assume that 2015 is used as the base year,with the index number = 100.The value of the index number in 2019 is

• A)100.
• B)104.
• C)1.04.
• D)96.
• E)0.96.

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Definitions:

Cost Leader

A strategy where a company becomes the most competitive in the market by having the lowest operating costs.

Walmart

A multinational retail corporation that operates a chain of hypermarkets, discount department stores, and grocery stores, known for its scale and efficiency.

Strategy

A plan of action designed to achieve a long-term or overall aim.

Operational Effectiveness

Refers to an organization's ability to perform activities more effectively and efficiently than its competitors, leading to superior performance.