The Table Contains Data for a Hypothetical Single-Product Economy

question 189

Multiple Choice

$$\begin{array} { | c | c | c | c | } \hline \text { Year } & \text { Units of Output } & \text { Price of Bagel per Unit } & \text { Price Index (Year 1=100) } \\\hline 1 & 10 & \$ 10 & 100 \\\hline 2 & 12 & 20 & 200 \\\hline 3 & 15 & 30 & 300 \\\hline 4 & 20 & 40 & 400 \\\hline\end{array}$$ The table contains data for a hypothetical single-product economy. Real GDP in year 3 is

• A) $100.
• B) $450.
• C) $225.
• D) $150.

Understanding the distinction between direct and indirect costs in HRM.

Recognize the importance and methods of benchmarking in improving organizational performance.

Appreciate the complexity and challenges in measuring HRM effectiveness.

Understand the regulatory impact on HR responsibilities, specifically Sarbanes-Oxley Act.

---

Definitions:

Original Principal

The initial amount of money borrowed or invested, not including any interest or earnings.

Inflation

Inflation is the rate at which the general level of prices for goods and services is rising, thereby eroding purchasing power.

Future Date

A specified time in the future, often used in the context of planning, forecasting, or setting deadlines.

Compounded Monthly

A method of calculating interest where the interest is added to the principal amount each month, with each subsequent calculation including the previously accumulated interest.