Apex Corporation is one of the best in its industry in terms of costs and performance. Many companies in its industry will probably consider Apex as a ________

A) pioneer
B) benchmark
C) target for acquisition
D) future supplier
E) sounding board for ideas

B

Business

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An apartment owner was figuring his net income for income tax purposes. He took the gross income and deducted certain expenses. Of the ones listed below, which could he not deduct:

A: Depreciation; B: Interest on loan for purpose of purchasing the property; C: Management expenses; D: Cost of a fence.

Business

What type of interest rate is offered on a short term loan to a bank's best customer?

A) risk-based B) deferred C) prime D) federal E) inflationary

Business