Andrew Is Offered a Job in Little Rock,where the CPI

question 222

Multiple Choice

Andrew is offered a job in Little Rock,where the CPI is 80,and a job in New York,where the CPI is 125.Andrew's job offer in Little Rock is for $42,000.How much does the New York job have to pay in order for the two salaries to represent about the same purchasing power?

• A)$74,667
• B)$65,625
• C)$60,900
• D)$52,500

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Definitions:

Performance Report

A document that compares actual results to planned or expected results in areas such as budgeting, operations, and project management.

Improving Performance

The process of increasing the efficiency, effectiveness, or profitability of an operation, system, or organization.

Personnel Changes

Alterations in the composition or structure of the workforce, including hiring, firing, promotions, or transfers.

Investment Centre

A segment or division within a company for which the manager has control and is responsible for its revenue, expenses, and assets, and return on investments.