Question : 13.4 Measuring Inflation 1) The average price of goods and services : 1244719

13.4 Measuring Inflation

1) The average price of goods and services in the economy is also known as

A) the price level.

B) the inflation rate.

C) a market basket.

D) the cost of living.

2) If the price level rose in three consecutive years from 100 to 120 to 140, then the annual inflation rate over those years would

A) increase.

B) remain the same.

C) decrease.

D) equal 20%.

3) Which of the following is true about the consumer price index?

A) It accounts for people switching to goods whose prices have fallen.

B) It assumes that consumers purchase the same amount of each product in the market basket each month.

C) It frequently updates the price changes of new products added to the market basket, as these have a tendency to fall.

D) It filters out the part of price increases that occurs because of quality improvements in products.

4) Which of the following price indices comes closest to measuring the cost of living of the typical household?

A) GDP deflator

B) producer price index

C) consumer price index

D) household price index

5) Which of the following would be the best measure of the cost of living?

A) real GDP

B) real GDP per person

C) GDP deflator

D) consumer price index

6) The consumer price index is the

A) cost of a market basket of goods and services typically consumed in the base year.

B) cost of a market basket of goods and services typically consumed in the current period.

C) average of the prices of the goods and services purchased by a typical urban family of four.

D) average of the prices of new final goods and services produced in the economy over a period of time.

Table 13-2

Base Year (2006) 2013

Product

Quantity

Price

Milk

$1.20

$1.50

Bread

100

1.00

1.10

7) Refer to Table 13-2. Assume the market basket for the consumer price index has two products — bread and milk — with the following values in 2006 and 2013 for price and quantity: The Consumer Price Index for 2013 equals

A) 118.

B) 116.

C) 86.

D) 85.

Table 13-3

Base Year (2006) 2013

Product

Quantity

Price

Cokes

100

$0.50

$0.75

Hamburgers

200

2.00

2.50

CDs

20.00

21.00

8) Refer to Table 13-3. Assume the market basket for the consumer price index has three products — Cokes, hamburgers, and CDs — with the following values in 2006 and 2013 for price and quantity: The Consumer Price Index for 2013 equals

A) 75.

B) 93.

C) 108.

D) 121.

Table 13-4

Base Year (2006) 2013

Product

Quantity

Price

Quantity

Price

Meat

100

$10

120

$12

Potatoes

200

180

9) Refer to Table 13-4. Assume the market basket for the consumer price index has two products — meat and potatoes — with the following values in 2006 and 2013 for price and quantity: The Consumer Price Index for 2013 equals

A) 125.

B) 129.

C) 135.

D) 141.

10) The percent increase in the CPI from one year to the next is a measure of the

A) GDP deflator.

B) unemployment rate.

C) real interest rate.

D) inflation rate.

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July 1, 2023

COURSE CODE: BCOBM124. Responsible Management. Gustavo Páez. Task Brief & Rubrics

Task

This task is to be completed individually.

The student will be writing an
Informational Research Essay in Harvard Style on one of the topics below

Your topic must be well supported by relevant sources (academic sources on Ebscohost or Harvard Business Review, INC, Forbes, McKinsey & Company, Gallup, etc.). Blogs (including Linkedin) and corporate websites are NOT valid sources.

Your
Informational Research Essay must include a
clear thesis statement. This is the last sentence of the Introduction paragraph which clearly states the three ideas you will write about in your essay.

Topics: Select one topic from this list.

· The impact of sustainable development on modern businesses.

· The impact of corporate social responsibility on a company.

· The importance of a digital marketing strategy to small businesses.

· The impact of managing the triple bottom line on the company’s performance.

· The effects of a company’s environmental practices on consumer trust.

· The ways a company can create a healthy and more balanced work environment.

· The impact of ethics on a company.

· The principle of Human Resource Management and its impact on a company.

Formalities:

·
Word Count: 1500 to 1800 words.

· Cover page, Index page, References, and Appendix are excluded from the total word count.

· Prepare an Appendix page to follow the Reference page, for your summaries, paraphrases, graphs, charts, images, etc.

· Font: Arial 12.5 pts.

· Text alignment: Justified.

· The in-text References and the Bibliography in
Harvard referencing style.

Submission: Week 13 – Via Moodle (Turnitin).
Sunday, 12 May 2024
before 23.59 CET

You must upload your document via Turnitin in Moodle.

Weight: This task is 60% of your total grade for this subject.

It assesses the following learning outcomes:

· Identify and analyze the principle of Responsible Management

· Identify and analyze an issue related to one of the key topics in the course.

· Develop, research, and develop an Informational Research Essay.

Rubric for Written Report and Research Writing.	Exceptional 90-100	Good 80-89	Fair 70-79	Marginal fail 60-69
Knowledge & Understanding (30%)	The student demonstrates an excellent understanding of key concepts and uses vocabulary in an entirely appropriate manner.	The student demonstrates a good understanding of the task and mentions some relevant concepts and demonstrates the use of the relevant vocabulary.	The student understands the task and provides minimum theory and/or some use of vocabulary.	The student understands the task and attempts to answer the question but does not mention key concepts or use a minimum amount of relevant vocabulary.
Application (20%)	The student applies fully relevant knowledge from the topics delivered in class.	The student applies mostly relevant knowledge from the topics delivered in class.	The student applies some relevant knowledge from the topics delivered in class. Misunderstanding may be evident.	The student applies little relevant knowledge from the topics delivered in class. Misunderstands are evident.
Critical Thinking (20%)	The student critically assesses in excellent ways, drawing outstanding conclusions from relevant authors.	The student critically assesses in good ways, drawing conclusions from relevant authors and references.	The student provides some insights but stays on the surface of the topic. References may not be relevant.	The student makes little or no critical thinking insights, does not quote appropriate authors, and does not provide valid sources.
Communication (30%)	The student shows exceptional understanding of paraphrasing and summarizing skills. The student quotes exceptionally well to support his/her ideas. Flawless use of Harvard referencing conventions. Flawless grammar, spelling, and correct word count. Correctly created and attached an appendix.	The student shows good understanding of paraphrasing and summarizing skills. The student quotes well to support his/her ideas. Makes correct use of Harvard referencing conventions. Good grammar, spelling, and close to correct word count. Created and attached an appendix.	The student shows marginally inadequate understanding of paraphrasing and summarizing skills. The student uses quotes that are sometimes irrelevant to his/her ideas. Makes use of Harvard referencing conventions sometimes or with many Mistakes/omissions. Some clarity and concision. It may be slightly over or under the word count limit. Some misspelling errors may be evident. Attached is an appendix.	The student communicates their ideas in a somewhat unclear and unconcise way. Does not reach or does exceed word count excessively and misspelling errors are evident. The student does not show understanding of paraphrasing and summarizing skills. The student uses quotes that are irrelevant or do not quote at all. Incorrect use of Harvard with multiple errors or failure to use said conventions. Did not attach an appendix.

July 1, 2023

COURSE CODE: BCOBM124. Responsible Management. Gustavo Páez. Task Brief & Rubrics

Task

This task is to be completed individually.

The student will be writing an
Informational Research Essay in Harvard Style on one of the topics below

Topics: Select one topic from this list.

· The impact of sustainable development on modern businesses.

· The impact of corporate social responsibility on a company.

· The importance of a digital marketing strategy to small businesses.

· The impact of managing the triple bottom line on the company’s performance.

· The effects of a company’s environmental practices on consumer trust.

· The ways a company can create a healthy and more balanced work environment.

· The impact of ethics on a company.

· The principle of Human Resource Management and its impact on a company.

Formalities:

·
Word Count: 1500 to 1800 words.

· Cover page, Index page, References, and Appendix are excluded from the total word count.

· Prepare an Appendix page to follow the Reference page, for your summaries, paraphrases, graphs, charts, images, etc.

· Font: Arial 12.5 pts.

· Text alignment: Justified.

· The in-text References and the Bibliography in
Harvard referencing style.

Submission: Week 13 – Via Moodle (Turnitin).
Sunday, 12 May 2024
before 23.59 CET

You must upload your document via Turnitin in Moodle.

Weight: This task is 60% of your total grade for this subject.

It assesses the following learning outcomes:

· Identify and analyze the principle of Responsible Management

· Identify and analyze an issue related to one of the key topics in the course.

· Develop, research, and develop an Informational Research Essay.

Rubric for Written Report and Research Writing.	Exceptional 90-100	Good 80-89	Fair 70-79	Marginal fail 60-69
Knowledge & Understanding (30%)	The student demonstrates an excellent understanding of key concepts and uses vocabulary in an entirely appropriate manner.	The student demonstrates a good understanding of the task and mentions some relevant concepts and demonstrates the use of the relevant vocabulary.	The student understands the task and provides minimum theory and/or some use of vocabulary.	The student understands the task and attempts to answer the question but does not mention key concepts or use a minimum amount of relevant vocabulary.
Application (20%)	The student applies fully relevant knowledge from the topics delivered in class.	The student applies mostly relevant knowledge from the topics delivered in class.	The student applies some relevant knowledge from the topics delivered in class. Misunderstanding may be evident.	The student applies little relevant knowledge from the topics delivered in class. Misunderstands are evident.
Critical Thinking (20%)	The student critically assesses in excellent ways, drawing outstanding conclusions from relevant authors.	The student critically assesses in good ways, drawing conclusions from relevant authors and references.	The student provides some insights but stays on the surface of the topic. References may not be relevant.	The student makes little or no critical thinking insights, does not quote appropriate authors, and does not provide valid sources.
Communication (30%)	The student shows exceptional understanding of paraphrasing and summarizing skills. The student quotes exceptionally well to support his/her ideas. Flawless use of Harvard referencing conventions. Flawless grammar, spelling, and correct word count. Correctly created and attached an appendix.	The student shows good understanding of paraphrasing and summarizing skills. The student quotes well to support his/her ideas. Makes correct use of Harvard referencing conventions. Good grammar, spelling, and close to correct word count. Created and attached an appendix.	The student shows marginally inadequate understanding of paraphrasing and summarizing skills. The student uses quotes that are sometimes irrelevant to his/her ideas. Makes use of Harvard referencing conventions sometimes or with many Mistakes/omissions. Some clarity and concision. It may be slightly over or under the word count limit. Some misspelling errors may be evident. Attached is an appendix.	The student communicates their ideas in a somewhat unclear and unconcise way. Does not reach or does exceed word count excessively and misspelling errors are evident. The student does not show understanding of paraphrasing and summarizing skills. The student uses quotes that are irrelevant or do not quote at all. Incorrect use of Harvard with multiple errors or failure to use said conventions. Did not attach an appendix.

July 1, 2023

COURSE CODE: BCOBM124. Responsible Management. Gustavo Páez. Task Brief & Rubrics

Task

This task is to be completed individually.

The student will be writing an
Informational Research Essay in Harvard Style on one of the topics below

Topics: Select one topic from this list.

· The impact of sustainable development on modern businesses.

· The impact of corporate social responsibility on a company.

· The importance of a digital marketing strategy to small businesses.

· The impact of managing the triple bottom line on the company’s performance.

· The effects of a company’s environmental practices on consumer trust.

· The ways a company can create a healthy and more balanced work environment.

· The impact of ethics on a company.

· The principle of Human Resource Management and its impact on a company.

Formalities:

·
Word Count: 1500 to 1800 words.

· Cover page, Index page, References, and Appendix are excluded from the total word count.

· Prepare an Appendix page to follow the Reference page, for your summaries, paraphrases, graphs, charts, images, etc.

· Font: Arial 12.5 pts.

· Text alignment: Justified.

· The in-text References and the Bibliography in
Harvard referencing style.

Submission: Week 13 – Via Moodle (Turnitin).
Sunday, 12 May 2024
before 23.59 CET

You must upload your document via Turnitin in Moodle.

Weight: This task is 60% of your total grade for this subject.

It assesses the following learning outcomes:

· Identify and analyze the principle of Responsible Management

· Identify and analyze an issue related to one of the key topics in the course.

· Develop, research, and develop an Informational Research Essay.

Rubric for Written Report and Research Writing.	Exceptional 90-100	Good 80-89	Fair 70-79	Marginal fail 60-69
Knowledge & Understanding (30%)	The student demonstrates an excellent understanding of key concepts and uses vocabulary in an entirely appropriate manner.	The student demonstrates a good understanding of the task and mentions some relevant concepts and demonstrates the use of the relevant vocabulary.	The student understands the task and provides minimum theory and/or some use of vocabulary.	The student understands the task and attempts to answer the question but does not mention key concepts or use a minimum amount of relevant vocabulary.
Application (20%)	The student applies fully relevant knowledge from the topics delivered in class.	The student applies mostly relevant knowledge from the topics delivered in class.	The student applies some relevant knowledge from the topics delivered in class. Misunderstanding may be evident.	The student applies little relevant knowledge from the topics delivered in class. Misunderstands are evident.
Critical Thinking (20%)	The student critically assesses in excellent ways, drawing outstanding conclusions from relevant authors.	The student critically assesses in good ways, drawing conclusions from relevant authors and references.	The student provides some insights but stays on the surface of the topic. References may not be relevant.	The student makes little or no critical thinking insights, does not quote appropriate authors, and does not provide valid sources.
Communication (30%)	The student shows exceptional understanding of paraphrasing and summarizing skills. The student quotes exceptionally well to support his/her ideas. Flawless use of Harvard referencing conventions. Flawless grammar, spelling, and correct word count. Correctly created and attached an appendix.	The student shows good understanding of paraphrasing and summarizing skills. The student quotes well to support his/her ideas. Makes correct use of Harvard referencing conventions. Good grammar, spelling, and close to correct word count. Created and attached an appendix.	The student shows marginally inadequate understanding of paraphrasing and summarizing skills. The student uses quotes that are sometimes irrelevant to his/her ideas. Makes use of Harvard referencing conventions sometimes or with many Mistakes/omissions. Some clarity and concision. It may be slightly over or under the word count limit. Some misspelling errors may be evident. Attached is an appendix.	The student communicates their ideas in a somewhat unclear and unconcise way. Does not reach or does exceed word count excessively and misspelling errors are evident. The student does not show understanding of paraphrasing and summarizing skills. The student uses quotes that are irrelevant or do not quote at all. Incorrect use of Harvard with multiple errors or failure to use said conventions. Did not attach an appendix.

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Question : 13.4 Measuring Inflation 1) The average price of goods and services : 1244719

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