All of the following illustrate lessons learned regarding the 2008-2009 financial crisis except
A) housing conditions have a strong impact on the economy.
B) economic conditions affect the demand for homes.
C) sellers were able to attract potential buyers by slightly reducing sale prices.
D) allowing unqualified mortgage applicants to qualify for mortgages hurt the housing market.
Answer: C
Business
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The source of standards for defining quality today is the
A) customer. B) operations department. C) strategic planning team. D) internal standards set.
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