According to reports, what can the subprime crisis of 2008 be traced to?
A) Overly relaxed credit standards
B) Home foreclosures
C) Defaults on credit payments
D) High unemployment levels
E) Prime mortgage rates
Answer: A
Explanation: A) Reports indicate that the subprime crisis can be traced to overly relaxed credit standards. One study found that many loan applications listed fraudulent information.
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For a company that produces hand held calculators, the Operations Manager knows that in the early stages of production for a new product, the expenditures exceed receipts, whereas in the latter stages, the reverse is true
Give an explanation for this phenomenon.