The CPI for "Personal Computers and Peripheral Equipment" in June

question 31

Multiple Choice

The CPI for "personal computers and peripheral equipment" in June 2006 was 10.7 (1982-1984 = 100) . Interpret this index.

• A)There was no significant increase in the price of "personal computers and peripheral equipment."
• B)The price of "personal computers and peripheral equipment" increased 10.7%.
• C)The price of "personal computers and peripheral equipment" decreased 89.3%.
• D)If the average price of a computer in 1982-1984 was $3,000,the CPI for "personal computers and peripheral equipment" would predict that the price of a computer in June 2006 would be $893.

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Definitions:

Personality Differences

Variations among individuals in regards to enduring patterns of thinking, feeling, and behaving.

Hofstede's Dimensions

A framework for cross-cultural communication, developed by Geert Hofstede, that describes the effects of a society's culture on the values of its members.

Cultural Personality

A term that may refer to the collective personality characteristics, attitudes, and traits shared by people within a particular culture.

Power Distance

A cultural dimension that describes the extent to which individuals within a society accept that power in institutions and organizations is distributed unequally.