The Consumer Price Index (CPI)

question 105

Multiple Choice

The consumer price index (CPI) :

• A)is an average of the prices of all consumer goods purchased each year.
• B)measures changes in the prices of a market basket of some 600 goods and services purchased by urban consumers.
• C)measures prices of goods, but not services since services don't fit into a market basket.
• D)is also known as the GDP price index.

Grasp the evolution and impact of public relations and marketing from historical figures and events.

Recognize pivotal events and ethical considerations in business and corporate social responsibility (CSR) across decades.

Identify the role of non-profit organizations and political consulting in public relations.

Comprehend the contributions of key individuals to the field of public relations and CSR.

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Definitions:

Ethical Tolerances

The degree to which behavior deviating from ethical norms is accepted or allowed within a group, organization, or society.

Ethics Ombudsperson

An official given the responsibility of corporate conscience who hears and investigates ethical complaints and informs top management of potential ethical issues.

Corporate Conscience

A concept referring to a company's ethical compass and its commitment to doing what is right in terms of social responsibility, beyond mere compliance with laws.

Company's Code

A set of guidelines, ethics, or standards that a company follows to ensure legal compliance and maintain its corporate integrity.