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NEW QUESTION: 1
Which of the following is correct regarding the consumer price index (CPI) for measuring the estimated
decrease in a company's buying power?
A. The CPI measures what consumers will pay for items.
B. The products a company buys should differ from what a consumer buys.
C. The CPI is measured only once every 10 years.
D. The CPI is skewed by foreign currency translations.
Answer: B
Explanation:
Choice "b" is correct. The consumer price index measures the costs of a market basket of specific goods
commonly purchased by consumers. It measures consumer buying power and is not distorted by items
generally bought by industry. Choice "a" is incorrect. The Consumer Price Index (CPI) represents monthly
data on changes in the prices paid by urban consumers for a representative basket of goods and services.
Choice "c" is incorrect. The Consumer Price Index measures what has been paid for items, not what
consumers will pay for items. Choice "d" is incorrect. The Consumer Price Index measures what has been
paid by consumers in over eighty urban areas in the United States. The amounts paid are denominated in
US dollars and would not be skewed by foreign currency translations.
NEW QUESTION: 2
A. Option D
B. Option A
C. Option B
D. Option C
Answer: A
NEW QUESTION: 3
All of the following may hinder a person's ability to transmit/receive a message except:
A. Assuming
B. Unfamiliarity with topic
C. Withholding information
D. Preoccupation
E. Noise
Answer: B