Consider a Nation in Which the Price Index Was 150

question 164

Multiple Choice

Consider a nation in which the price index was 150 last year and this year it is 130.Which statement is correct?

• A) Inflation was 20 percent this year.
• B) Deflation was 20 percent this year.
• C) Housing prices must have fallen.
• D) Inflation was 13.33 percent this year.
• E) Deflation was 13.33 percent this year.

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Definitions:

Controlling

Function of evaluating an organization’s performance against its objectives.

Organizational Objectives

Organizational objectives are specific, measurable goals that an organization aims to achieve to fulfill its mission and drive success.

Motivating

The process of stimulating someone's interest or enthusiasm for doing something.

Directing

Guiding and motivating employees to accomplish organizational objectives.