A Price Index for a Given Item Which Is Computed

question 20

Multiple Choice

A price index for a given item which is computed by dividing a current unit price by a base-period unit price and multiplying the result by 100 is known as the

• A)Producer price index
• B)Consumer price index
• C)Paasche index
• D)Price relative

---

Definitions:

Human Resource Audit

An examination of the human resource policies, practices, and systems of a firm (or division) to eliminate deficiencies and improve ways to achieve goals.

Cost Leadership Strategy

A business strategy focused on gaining a competitive advantage by being the lowest cost producer in the industry.

Gains In Productivity

Increases in output per unit of input, often realized through improvements in efficiency, technology, or methods of work.

Employee Benefits

Various types of non-wage compensation provided to employees in addition to their normal salaries or wages.