If This Year's Price Level Is 126 and Last Year's

question 60

Multiple Choice

If this year's price level is 126 and last year's price level was 120, the inflation rate is ________.

• A)1.05 per cent a year
• B)5 per cent a year
• C)6 per cent a year
• D)0.95 per cent a year

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Definitions:

Workforce Planning

The methodology of examining, predicting, and organizing the needs and provisions of the workforce, identifying discrepancies, and identifying specific strategies for talent management.

Headcounts

The total number of individuals employed by an organization at any given time, including full-time, part-time, and temporary staff.

Historical Requirements

The specific needs or conditions that were present in the past and may influence current decisions or policies.

HR Forecasting

The process of predicting an organization's future human resources needs based on its business objectives, current workforce, and external labor market trends.