I an Index Number Is a Percent That Measures the Change

question 35

Multiple Choice

i. An index number is a percent that measures the change in price, quantity, value, or some other item of interest from one time to another.
Ii) An index of 239.2 and an index of 86.4 are actually percents.
Iii) All indexes have the same base, namely 1982-84, written 1982 - 84 = 100.

• A) (i), (ii) and (iii) are all correct statements
• B) (i) and (ii) are correct statements, but not (iii).
• C) (i) and (iii) are correct statements but not (ii).
• D) (ii) and (iii) are correct statements but not (i).
• E) All statements are false

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Definitions:

High Collectivism

A cultural orientation emphasizing strong loyalty to one's group and prioritizing group goals over individual interests.

Long-Term Orientation

A cultural or organizational perspective that emphasizes planning and investing in the future, valuing perseverance, and viewing change as evolutionary.

Ethical Decision Making

The process of evaluating and choosing among alternatives in a manner consistent with ethical principles.

Government Laws

Consist of legal rules and regulations established by governmental entities, which individuals and organizations are obliged to follow.