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Oliga [24]
3 years ago
15

Assume that the current price of a market basket of goods is $2,500 and the base year price of the same market basket is $2,000.

The current price index is
A. 2500.
B. 125.
C. 200.
D. 250.
Business
1 answer:
ioda3 years ago
3 0

Answer:

The correct answer is B.

Explanation:

Giving the following information:

The current price of a market basket of goods is $2,500 and the base year price of the same market basket is $2,000.

To calculate the price index we need to make a simple division:

Price index= P1/P0

PI= 2,500/2,000= 1.25*100= 125%

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Collections of related activities intended to achieve a common purpose are called:______.
drek231 [11]

Answer:

Processes

Explanation:

The process is a general term that is used in all fields of human endeavor including business operations to defined a form of set instructions or connected actions that seeks to derive or eventually get a mutual goal at the end. In the business world, it is called Business Process.

Hence, Collections of related activities intended to achieve a common purpose are called PROCESSES

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4 years ago
Communication and control two of the reasons that consumer do which of these?
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3 years ago
Steve Jobs has achieved a great deal of success. What are some possible negative consequences of the level of power that he hold
Virty [35]

Answer:

A negative consequence of the power he holds is that his company: Apple, has become the largest company in its market sector: consumer electronics.

For that reason, Steve Jobs has what in economics is known as market power: the ability to set prices above marginal cost, or in other words, the ability to set prices that are higher than necessary for the customer.

This amount of market power reduces the overall benefit for society, and society would be better off if more competitors entered the market to compete with Apple.

6 0
4 years ago
Which of the following indicates the financial position of a practice at a point in time and shows its assets and liabilities? A
adell [148]

Answer:

The correct answer would be C, Balance Sheet.

Explanation:

A balance sheet is a document, which contains information about the Assets, Liabilities and owner's Equity of a firm, company or an organization. There is a predetermined format to write a Balance Sheet. There are two sides in this statement. One side contains Assets and Liabilities of the Company, whereas the other side contains the Owner's Equity in a particular point of time. This statement summarizes the financial balances of an individual organization. There are other financial statements of the company as well like Income Statement, cash flow statement, etc, but Balance Sheet is considered most appropriate to have a look at the assets, liabilities and equity of the company at a specific point of time.  

8 0
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Lina20 [59]

Answer:

making a savings back acounnt or put half your money your saving into a piggy bank

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2 years ago
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