In Year 1 the CPI Is 140,and in Year 2

question 49

Multiple Choice

In year 1 the CPI is 140,and in year 2 the CPI is 154.From year 1 to year 2,Marcy's salary rises from $43,000 to $48,000,and Daphne's salary rises from $65,000 to $70,000.Who is "more than keeping up with inflation"?

• A) Marcy
• B) Daphne
• C) both Marcy and Daphne
• D) neither Marcy nor Daphne

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Definitions:

Strategic Planning

The process of defining a business's strategy or direction and making decisions on allocating resources to pursue this strategy.

Financial Planning

The process of developing strategies to manage finances, including income, expenses, savings, and investments, to achieve financial goals.

Supply Chain Network Design

Planning and structuring a supply chain's logistics and distribution strategy to maximize efficiency and productivity.

Offshoring

The business practice of relocating manufacturing processes or services to another country to reduce costs.