Using 2010 as the Base Year, the 2012 Value of a Simple

question 35

Multiple Choice

Using 2010 as the base year, the 2012 value of a simple price index for the following price data is _____________. $$\begin{array} { | c | c | c | c | c | c | c | } \hline \text { Year} & 2008 & 2009 & 2010 & 2011 & 2012 & 2013 \\\hline \text { Price } & 29,88 & 32.69 & 42.04 & 46.18 & 47,98 & 48.32 \\\hline\end{array}$$

• A)77.60
• B)114.13
• C)160.58
• D)99.30
• E)100.00

Understand direct, indirect, fixed, and variable costs and how they relate to manufacturing.

Grasp the concept of the value chain and its relevance to cost structure analysis.

Differentiate between various costs related to manufacturing and how they are accounted for.

Understand the role and types of responsibility centres in managing costs and performance.

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Definitions:

Social Reproduction

The tendency of social classes to remain relatively stable as class status is passed down from one generation to the next.

Pierre Bourdieu

A French sociologist, anthropologist, and philosopher known for his theory of habitus and concepts of cultural capital, social capital, and symbolic violence.

Economic Relationships

Describes the connections between individuals or entities based on the production, distribution, and consumption of goods and services.

Karl Marx

A 19th-century philosopher, economist, and political theorist best known for his theories about capitalism and communism.