The Following Table Shows the Number of Various Foreign Currencies

question 148

Multiple Choice

The following table shows the number of various foreign currencies required to buy a U.S. dollar in April 2011 and April 2016. Use this table to answer the following questions.
-Between April 2011 and April 2016,the price of a U.S.postage stamp increased from $0.41 to $0.46.The price of a U.S.postage stamp has increased approximately ________ in terms of Indian rupees and ________ in terms of Chinese yuan.

• A) 12 percent; 12 percent
• B) 68 percent; 11 percent
• C) 13 percent; 44 percent
• D) 19 percent; 28 percent
• E) 9 percent; 51 percent

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Definitions:

CEO

Chief Executive Officer, the highest-ranking person in a company or organization, responsible for making major corporate decisions.

Rational Choice

is a theoretical framework that assumes individuals make decisions by considering the potential costs and benefits of different options to maximize their advantage.

Decision Making

The process of selecting the best course of action from several alternatives to achieve a specific goal.

Product-Development Activities

The series of tasks involved in designing, creating, and bringing a new product to market.