The bank offered a mortgage at a fixed rate but the buyer may chose other options
What will be an ideal response?
The bank offered a mortgage at a fixed rate, but the buyer may choose other options.
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Budgetary slack occurs when managers intentionally overstate expected revenues or understate expected expenses
Indicate whether the statement is true or false
Which of the following is true with regard to the Asia-Pacific Economic Cooperation (APEC)?
A. The stated aim of APEC is to increase multilateral cooperation in view of the economic rise of the Pacific nations. B. The goal of APEC is to reduce import tariffs among the six original members to zero. C. APEC is the world's largest free trade area. D. Collectively, the member-states account for about 85 percent of the world's GNP, 75 percent of world trade, and much of the growth in the world economy. E. APEC currently has 25 member-states, including such economic powerhouses as Germany, India, and Brazil.