Which of the Following Is True with Regard to the Asia-Pacific

question 34

Multiple Choice

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.

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Definitions:

Amortization

The approach of progressively depreciating the initial investment in an intangible asset over its effective life.

Inventory

The total quantity of goods and materials a business holds for the purpose of resale or production.

Significant Influence

The capacity, through investment ownership, to impact the management and policies of another company without having full control.

Net Income

The consummate earnings of a company following the subtraction of all operational costs and tax liabilities from its gross revenue.