Suppose a Basket of Goods and Services Has Been Selected

question 181

Multiple Choice

Suppose a basket of goods and services has been selected to calculate the CPI and 2012 has been selected as the base year.In 2012,the basket's cost was $77;in 2013,the basket's cost was $82;and in 2014,the basket's cost was $90.The value of the CPI in 2014 was

• A)109.8 and the inflation rate was 9.8%.
• B)109.8 and the inflation rate was 16.9%.
• C)116.9 and the inflation rate was 9.8%.
• D)116.9 and the inflation rate was 16.9%.

Differentiate between e-business and e-commerce concepts.

Classify businesses based on their transaction types (B2B, B2C, etc.).

Identify jobs in e-commerce that can be performed remotely and those that require physical presence.

Recognize the significance of compliance and security requirements in electronic transactions.

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Definitions:

Proposed Expenditure

A planned or suggested outlay of money for a specific purpose, often outlined in budgets or financial plans.

Line Item

A distinct entry in a budget, financial statement, or list, representing a single charge, expenditure, or source of income.

Source of Funds

The origin of the money or capital utilized in transactions, investments, or any financial operation.

Raffle

A means of raising funds or prizes involving participants buying tickets for a chance to win.