Two Methods Used to Adjust Nominal Values for Inflation Are

question 115

Multiple Choice

Two methods used to adjust nominal values for inflation are:

• A)substituting and complementing.
• B)indexing and deflating.
• C)aggregating and disaggregating.
• D)real and nominal.

---

Definitions:

Organisational Performance

Organisational Performance refers to how well an organization achieves its predetermined objectives, encompassing efficiency, effectiveness, and financial performance.

Performance Appraisal

A systematic evaluation of an employee's job performance and productivity in relation to pre-established criteria and objectives.

Direct Material Standards

Established benchmarks for the cost and quantity of materials required for production processes.

Direct Material Price Variance

Direct material price variance is the difference between the actual cost of materials used in production and the expected (or standard) cost, indicating how effectively a company manages its resource costs.