In 2000, an Executive Earned $100,000

question 100

Essay

In 2000, an executive earned $100,000. In 2009, the executive earned $125,000. The CPI in 2000 was 172.2, and the CPI in 2009 was 214.537. Using the CPI base, 1982-1984 = 100, what was the real income in 2009?

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Definitions:

Organizational Transparency

The extent to which an organization openly shares information, policies, and decisions with its stakeholders, fostering trust and clarity.

Management

The process of planning, organizing, leading, and controlling resources to achieve specific goals within an organization.

Organizational Cultures

The shared values, beliefs, and practices that characterize an organization and influence its members' behaviors and attitudes.

Administrative Systems

The framework or procedures by which organizations or institutions manage and execute their operations, often involving tasks like record-keeping and decision-making.