If the Consumer Price Index (CPI) in Year X Was

question 55

Multiple Choice

If the consumer price index (CPI) in Year X was 300 and the CPI in Year Y was 325, the rate of inflation for Year Y was:

• A) 325 percent.
• B) 25 percent.
• C) 5 percent.
• D) 8 percent.

---

Definitions:

Environmental Analysis

The process by which strategists evaluate the external opportunities and threats that could affect the future direction and dynamics of a business.

Fewer Resources

The state of having limited assets, funds, or materials to work with or utilize in a project, business, or operation.

Philanthropic Goodwill

The positive reputation and relationships a business builds through charitable actions, donations, or involvement in community services.

Internal Environment

The conditions, entities, events, and factors within an organization that influence its activities and choices, including its culture, employees, and management.