Which of the Following Changes in the Price Index Produces

question 38

Multiple Choice

Which of the following changes in the price index produces the greatest rate of inflation: 106 to 112,112 to 118,or 118 to 124?

• A)106 to 112
• B)112 to 120
• C)118 to 126
• D)All of these changes produce the same rate of inflation.

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Definitions:

PDCA Cycle

A four-step management method used for the control and continuous improvement of processes and products, consisting of Plan, Do, Check, Act.

Experimentation

The process of conducting trials to explore hypotheses or understand phenomena through controlled variation of conditions.

Deming

Refers to W. Edwards Deming, a prominent figure in the field of quality management who introduced concepts such as the Plan-Do-Check-Act (PDCA) cycle.

Regular Maintenance

The routine care and servicing by personnel to keep facilities, equipment, or software operational and efficient, preventing unexpected breakdowns and ensuring longevity.