The Andean Community now operates as a customs union
Indicate whether the statement is true or false.
TRUE
In 1990, the heads of the five current members of the Andean Community—Bolivia, Ecuador, Peru, Colombia, and Venezuela—met in the Galápagos Islands. The resulting Galápagos Declaration effectively relaunched the Andean Pact, which was renamed the Andean Community in 1997. The declaration's objectives included the establishment of a free trade area by 1992, a customs union by 1994, and a common market by 1995. This last milestone has not been reached. A customs union was implemented in 1995—although Peru opted out and Bolivia received preferential treatment until 2003. The Andean Community now operates as a customs union.
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Which of the following distribution structures is also known as a traditional distribution structure?
A. manufacturer-oriented B. customer-oriented C. service-oriented D. export-oriented E. import-oriented
Because it is a volume variance, the fixed overhead volume variance explains why fixed overhead is underallocated or overallocated
Indicate whether the statement is true or false