I the CPI Is Not Just One Index, but Includes

question 85

Multiple Choice

i. The CPI is not just one index, but includes a large number of groups, subgroups and selected
Items, such as a food index, a transportation index and a shelter index.
ii. The Consumer Price Index is based on more than 600 separate goods and services used by most
Urban and rural families.
iii. One function of CPI is to allow consumers to determine the degree to which their purchasing
Power is being eroded by price increases and as such, it is a metrestick for revising wages,
Pensions and other income payments to keep pace with changes in prices.

• 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) (i), (ii), and (iii) are all false statements.

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Definitions:

Organization's People

Refers to all the individuals working within an organization, encompassing all ranks and categories of employment.

Training Administration

The process of overseeing and managing training programs, resources, and logistics to ensure effective learning and development of employees.

On-The-Job Training

A method of training where employees learn and develop skills while working, through observation, instruction, and practice.

Technical Skills

Specific abilities or knowledge that is required to perform particular tasks, especially relating to technological or scientific fields.