A 2008 Toyota Camry Can Be Bought in Buffalo,NY,for $18,720

question 111

Multiple Choice

A 2008 Toyota Camry can be bought in Buffalo,NY,for $18,720.The same model Camry can be purchased across the Canadian border in Hamilton,ON.If cars could be freely traded across the border,what would be the expected price of a 2008 Toyota Camry in Hamilton in Canadian dollars,given that $1 U.S.is equal to $0.98 Canadian?

• A)$18,345
• B)$18,720
• C)$19,102
• D)$20,212

---

Definitions:

Mission Statement

A written declaration of an organization's core purpose and focus that normally remains unchanged over time.

Existence

The state or fact of being real, present, or alive.

Strategic Plans

Those plans that establish the long-range objectives and overall strategy or course of action by which a firm fulfills its mission.