If 2004 Is the Base Year, Then the Inflation Rate $$\frac { \text { CPI in } 2005 - \text { CPI in } 2004 } { \text { CPI in } 2004 } \times 100$$

question 274

Multiple Choice

If 2004 is the base year, then the inflation rate for 2005 equals

• A)
• \[\frac { \text { CPI in } 2005 - \text { CPI in } 2004 } { \text { CPI in } 2004 } \times 100\]
• B)
• \[\frac { \text { CPI in } 2005 - \text { CPI in } 2004 } { \text { CPI in } 2005 } \times 100\]
• C)
• \[\frac { \text { CPI in } 2004 - \text { CPI in } 2005 } { \text { CPI in } 2004 } \times 100\]
• D)
• \[\frac { \text { CPI in } 2004 - \text { CPI in } 2005 } { \text { CPI in } 2005 } \times 100\]

---

Definitions:

Order Receipt Time

The time that elapses from when an order is placed to when it is received.

Customer Response Time

The duration it takes for a company to address and resolve a customer's inquiry or complaint.

Completed Order

A customer request that has been fully processed, manufactured, or serviced and is ready for delivery.

Activity-Based Management

A management approach focusing on managing activities as a way to improve the quality and reduce the costs of goods produced or services provided.