Consider the Following Information About the Price and the Price

question 80

Multiple Choice

Consider the following information about the price and the price index of a popular book over three years. Which of the following is the correct statement?

• A) The price of the book increased by 3.11% between 2010 and 2011.
• B) If 2011 was the base year, the price index for the book in 2009 would have been 90.
• C) Between 2009 and 2011, the price of the book went up by 11.11%.
• D) If 2010 was the base year, the price index in 2009 would have been 99.28.

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Definitions:

Customers Served

The number of clients or customers to whom a business has provided goods or services within a specified period.

Activity Variance

The difference between the planned activity level and the actual activity level.

Planning Budget

A financial forecast or projection, detailing expected revenues and expenses within a future period.

Net Operating Income

The profit a company generates from its regular business operations, excluding expenses and revenues from non-operating activities.