Table 24-8 The Table Below Relates to the Economy of Mainland, Where

question 443

Multiple Choice

Table 24-8
The table below relates to the economy of Mainland, where the typical consumer's market basket consists of 2 televisions and 300 hamburgers.
-Refer to Table 24-8. If the base year is 2013, then the consumer price index was

• A)80 in 2013, 100 in 2014, and 60 in 2015.
• B)100 in 2013, 300 in 2014, and -100 in 2015.
• C)180 in 2013, 200 in 2014, and 160 in 2015.
• D)100 in 2013, 111.1 in 2014, and 88.9 in 2015.

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Definitions:

Organizational Climate

The emotional weather within an organization that reflects the norms and attitudes of the organization’s culture and affects worker morale, attitudes, stress levels, and communication.

Systems

Complex networks of interrelated components that work together to achieve some objective.

Kaizen Approach

A philosophy or practice focusing on continuous improvement in all aspects of life, particularly in business.

Operational Decisions

Decisions made in the day-to-day functioning of a company that are routine and aim to improve effectiveness and efficiency.