The Price of a McDonald's Hamburger in 1955 Was $0

question 100

Multiple Choice

The price of a McDonald's hamburger in 1955 was $0.15 when the price index was 27; if in 2011,it was $0.89 when the price index was 220,then the inflation-adjusted price of a McDonald's hamburger in 2011 was:

• A) almost exactly the same (within 10%).
• B) much higher (twice or more) than 2011's actual price.
• C) much lower (half or less) than 2011's actual price.
• D) a bit higher than 2011's actual price (1-1.99 times as much).
• E) a bit lower than 2011's actual price (0.51-0.90 times as much).

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Definitions:

Diversity Management

The practice of acknowledging, understanding, appreciating, and leveraging differences among individuals in the workplace to create an inclusive environment.

Human Capital Challenges

Issues related to managing and developing an organization's employees in order to maximize their value and productivity.

Leadership Capacity

The capability of an individual or organization to lead, influence, and support others towards achieving common goals.

Labour Cost Containment

Strategies employed by organizations to control or reduce labor expenses without negatively impacting employee performance or morale.