The Price Relative Is Computed by Dividing

question 12

Multiple Choice

The price relative is computed by dividing

• A) a base-period unit price by a current unit price and multiplying the result by 100.
• B) a current unit price by a base-period unit price and multiplying the result by 100.
• C) a current unit price by a base-period unit price and dividing the result by 100.
• D) current price by quantity.

---

Definitions:

Quality Control

The procedures and measures implemented by a company to ensure that the product or service meets defined standards of quality.

Quality Circles

Groups of workers who voluntarily meet to discuss and solve issues related to their work, aiming at improvements in product quality and the work environment.

Productivity

A measure of the efficiency of production, often expressed as the ratio of outputs to inputs in the production process.

Security

Measures and protocols implemented to protect people, property, and information from harm, theft, or unauthorized access.