If the Cost of Food & Beverages Increases by 10

question 176

Multiple Choice

If the cost of food & beverages increases by 10 percent,then,other things the same,the CPI is likely to increase by about

• A)1.5 percent.
• B)7.5 percent.
• C)10 percent.
• D)20 percent.

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Definitions:

General Partnership

See partnership.

Personally Liable

Being directly responsible for a debt or obligation, such that one's personal assets can be pursued by creditors.

Obligations

Duties or commitments one party has towards another under the terms of a contract, law, or moral duty.

Statute Of Frauds

A legal principle requiring certain contracts to be in writing and signed in order to be enforceable.