An Index of Clothing Prices for 2006 Based on 1985

question 48

Multiple Choice

An index of clothing prices for 2006 based on 1985 is to be constructed. The prices for 1985 and 2006 and the quantity consumed in 1985 are shown next. Assuming that the number sold remained constant , what is the weighted index of price for 2006 using 1985 as the base?

• A) 206.7
• B) 214.5
• C) 48.4
• D) 46.6

---

Definitions:

Leaders Lose Power

The phenomenon where leaders experience a reduction in their ability to influence or control outcomes, often due to factors such as resistance, loss of credibility, or organizational changes.

Virtual Teams

Groups of people who work together from different geographical locations, connected by technology such as the internet.

Cost Performance

Evaluation of how well a project or investment manages its budget and resources compared to its planned or expected outcomes.

Implementing Teams

The process of bringing together a group of individuals to work collaboratively towards achieving specific objectives or projects.