For Any Given Year,how Is the CPI Calculated

question 132

Multiple Choice

For any given year,how is the CPI calculated?

• A)the price of the basket of goods and services in the given year divided by the price of the basket in the base year, then multiplied by 100
• B)the price of the basket of goods and services in the base year divided by the price of the basket in the given year, then divided by 100
• C)the price of the basket of goods and services in the given year multiplied by the price of the basket in the base year, then divided by 100
• D)the price of the basket of goods and services in the base year divided by the price of the basket in the given year, then multiplied by 100

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Definitions:

Ratings

Assessments or evaluations based on a scale or set criteria to determine the quality, performance, or suitability of something or someone.

Traditional Performance Management

A systematic approach to evaluating employees' work performance using established benchmarks and metrics, primarily focusing on annual reviews.

Total Quality Management (TQM)

A company-wide effort to continuously improve the ways people, machines, and systems accomplish work.

Individual Performance

Measures how well an employee performs their job duties and responsibilities.