In 1949,Sycamore,Illinois Built a Hospital for About $500,000

question 26

Multiple Choice

In 1949,Sycamore,Illinois built a hospital for about $500,000.In 1987,the county restored the courthouse for about $2.4 million.A price index for nonresidential construction was 14 in 1949,92 in 1987,and 114.5 in 2000.According to these numbers,the hospital cost about

• A)$3.6 million in 2000 dollars,which is less than the cost of the courthouse restoration in 2000 dollars.
• B)$3.6 million in 2000 dollars,which is more than the cost of the courthouse restoration in 2000 dollars.
• C)$4.1 million in 2000 dollars,which is less than the cost of the courthouse restoration in 2000 dollars.
• D)$4.1 million in 2000 dollars,which is more than the cost of the courthouse restoration in 2000 dollars.

---

Definitions:

Field of Organizational Behaviour

An interdisciplinary field that studies how individuals, groups, and structure affect and are affected by behavior within organizations, aiming to improve organizational effectiveness and employee well-being.

Prediction

The act of forecasting or projecting the future outcome or trends based on current or past data, analysis, or trends.

Analysis

The process of breaking a complex topic or substance into smaller parts to gain a better understanding of it.

Explanation

The act of making something clear or understandable, providing reasons, context, or details.