Iggie Took a University Teaching Job as an Assistant Professor

question 9

Multiple Choice

Iggie took a university teaching job as an assistant professor in 1980 at a salary of $15,000.By 2011,she had been promoted to full professor,with a salary of $70,000.If the price index was 82 in 1980 and 225 in 2011,then what is Iggie's 2011 salary in 1980 dollars?

• A)$25,511
• B)$52,073
• C)$40,140
• D)$41,159

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Definitions:

Planning

The process of making plans for something, including setting goals and deciding on the actions to achieve them.

Organizing

The process of arranging resources and tasks to achieve objectives efficiently and effectively within an organization.

Leading

The process of arousing enthusiasm and inspiring efforts to achieve goals.

Controlling

In management, it refers to the process of monitoring performance, comparing it with goals, and taking corrective action as needed.