The Following Table Shows the Value of CPI for Three

question 101

Multiple Choice

The following table shows the value of CPI for three years in a country. Which of the following is the annual inflation rate for 2005?

• A) 1.46%
• B) 3.36%
• C) 4.87%
• D) 1.8%

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Definitions:

June Cash Budget

A financial plan that estimates the cash inflows and outflows for a business during the month of June, aiding in managing liquidity.

Cash Receipts

Money received by a business or individual, often recorded in the financial records to track income.

Cash Payments

Money disbursed by a business for various purposes, including operating expenses, debt repayment, and asset purchases.

Activity-Based Budgeting

A budgeting approach where budgets are developed based on the activities and resources needed to achieve specific goals or outputs.