12. limitations of the cpi indicate which of the problems in the construction of the cpi are illustrated in each of the following situations. situation introduction of new goods unmeasured quality change substitution bias
a) the invention of cell phones
b) the introduction of air bags in cars 4
c) increased personal computer purchases in response to a decline in their price
d) more scoops of raisins in each package of raisin bran
e) greater use of fuel-efficient cars after gasoline prices increase

Amanda works as an industrial designer

One of your new suppliers, kim, has been hearing rumors about your firm’s lack of capability to deliver high quality products and writes an email asking you to address the claims being made. in replying to her, you want to be sure that you are very clear and leave no room for misinterpretation. which of the following aspects of effective communication should you give the most attention? (a) making sure you understand kim’s areas of expertise. (b) supporting your reply with relevant data and facts. (c) establishing your credibility as an expert. (d) paying attention to implied communications.

Right medical introduced a new implant that carries a five-year warranty against manufacturer’s defects. based on industry experience with similar product introductions, warranty costs are expected to approximate 2% of sales. sales were $8 million and actual warranty expenditures were $42,750 for the first year of selling the product. what amount (if any) should right report as a liability at the end of the year?