Which of the Following Options May NOT Be a Consideration

question 8

Multiple Choice

Which of the following options may NOT be a consideration when weighting components of a composite price index?

• A) Volume of sales for each component
• B) Average expenditure on each component
• C) The number of components to be indexed
• D) The degree to which price for components varies

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Definitions:

Convergent Thinking

A thought process aimed at figuring out the most effective answer to a problem, utilizing logic and analysis.

Divergent Thinking

A cognitive strategy employed to develop original concepts by investigating a wide range of potential solutions.

Inductive Reasoning

A rational approach where a number of premises, believed to be true or usually true, are amalgamated to achieve a certain conclusion.

Mental Age

A measure of an individual's cognitive development based on the age at which typical individuals achieve a certain level of intellectual performance.