If the Price Index for 2008 Was 100 and the Price

question 89

Multiple Choice

If the price index for 2008 was 100 and the price index for 2009 was 109,then how much did prices change between 2008 and 2009?

• A)1 percent increase
• B)8 percent increase
• C)9 percent increase
• D)12 percent increase
• E)12 percent decrease

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Definitions:

Profit Centers

Parts of an organization that directly contribute to its profit through their operations and are responsible for their own revenues and costs.

Decentralized Operations

A management structure where decision-making and operations are distributed among various autonomous units or departments within an organization.

Profitability

A measure of the efficiency and effectiveness of a company in generating profit relative to its revenue or investments over a specific period.

Manager

An individual responsible for controlling or administering an organization or group of staff.