Exhibit 13-2 Consumer Price Index

question 85

Multiple Choice

Exhibit 13-2 Consumer Price Index

-As shown in Exhibit 13-2,the rate of inflation for Year 3 is:

• A) 5 percent.
• B) 10 percent.
• C) 20 percent.
• D) 25 percent.

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Definitions:

Competitive Pressures

The forces that compel businesses to continuously improve their products, services, and operational efficiency in order to remain viable in the market.

Saturn Experiment

Was a cooperative venture between General Motors and the United Auto Workers union, established in the 1980s to create a more competitive American small car and pioneer new approaches to labor management.

Corporate Strategies

Corporate strategies are plans and decisions made by a company's top management to achieve long-term business objectives and maintain competitive advantage.

Job Control Unionism

A type of unionism focused on gaining control over job-related decisions, including hiring, firing, and work distribution, to protect members' interests.