Exhibit 19-4

question 40

Multiple Choice

Exhibit 19-4.Consider the following data on the prices (in dollars) of three items,A,B,and C,from 2000 through 2002. Refer to Exhibit 19-4.Compute the unweighted price index for the three items for 2002,using 2000 as the base year.

• A)98.26
• B)98.48
• C)109
• D)101.46

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Definitions:

Unionization

The process of organizing the employees of a company into a labor union to seek collective bargaining rights and protect their interests.

Operations Management

The administration of business practices to create the highest level of efficiency possible within an organization, focusing on converting materials and labor into goods and services as effectively as possible.

Material and Human Resources

The tangible resources (like equipment and raw materials) and the workforce needed to carry out organizational operations.

Internal and External Customers

Refers to the individuals or entities within (internal) and outside (external) an organization that receive and are affected by its services or products.