Assume That the Firefighters Have Gone Without a Pay Increase

question 161

Multiple Choice

Assume that the firefighters have gone without a pay increase for 4 years during a tough time in their city's finances.Suppose that things start to look up and the Mayor wants to make up for lost time.If the CPI in 2002 was 125 and 150 in 2006,how much will salaries have to increase to bring the firefighters back up to their real income from 2002?

• A) 150.0%
• B) 125.0%
• C) 20.0%
• D) 16.7%
• E) 25.0%

Understand the concept of slope as it applies to vertical, horizontal, and inclined lines.

Interpret graphical information related to slopes of lines and curves.

Identify properties of slopes in different scenarios, including positive, negative, increasing, and decreasing slopes.

Analyze the relationship between changes in variables on Cartesian coordinates.

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Definitions:

Unanimous Partner

This term likely relates to the requirement in some partnership agreements that all partners must agree on certain decisions, although it is not a standard legal term.

Firm's Goodwill

An intangible asset representing the value of a business's brand, customer base, and reputation beyond its tangible assets.

Material Modification

A significant alteration to the terms of a contract that affects the rights and duties of the parties involved.

Novation

The substitution of a new contract in place of an old one, often involving a change in parties or the terms of the agreement, with the consent of all parties involved.