The Price Index Was 120 in 2006 and 127

question 214

Multiple Choice

The price index was 120 in 2006 and 127.2 in 2007. What was the inflation rate?

• A)5.7 percent
• B)6.0 percent
• C)7.2 percent
• D)27.2 percent

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Definitions:

Corporate Social Responsibility

A business model that helps a company be socially accountable to itself, its stakeholders, and the public.

Reasonable Price

A price that is fair and acceptable to both buyers and sellers, given the quality and nature of the product or service.

Services and Products

The combination of tangible goods and intangible activities that fulfill a need or want of consumers.

CSR Levels

The varying degrees to which a business engages in corporate social responsibility initiatives, from basic compliance with laws to integrating social and environmental concerns into their business model.