The Average Price of Construction Materials Increased by 8

question 212

Multiple Choice

The average price of construction materials increased by 8.1 percent in 2005.The head of the Home Builders Association said it was due totally to increases in lumber, metal, and labor costs.The 8.1 percent increase is probably an example of:

• A)deflation
• B)price gouging
• C)poor resource utility
• D)inflation
• E)resource munificence

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Definitions:

Boundaryless Organizations

An organizational philosophy emphasizing fluidity over hierarchical structures to foster faster decision making and greater flexibility.

Structural Barriers

Obstacles that physically or organizationally prevent individuals from accessing resources, opportunities, or services.

Coordination Problems

Challenges that arise in aligning tasks, activities, or efforts among different individuals or departments.

Network Structures

The configuration of connections and relationships among elements or members within a system, organization, or social group, influencing information flow and dynamics.