If You and I Agree to Exchange Four Ginger Snaps

question 120

Multiple Choice

If you and I agree to exchange four ginger snaps for one chocolate chip cookie, then it must be true that

• A)we are both at least as well off as we were before
• B)I am better off than I was before, but you are not
• C)you are better off than you were before, but I am not
• D)we are both better off than before
• E)we are both worse off than before

---

Definitions:

Canadian-Controlled Private Corporation (CCPC)

A Canadian-Controlled Private Corporation (CCPC) is a classification in Canada for a privately held company that is controlled by Canadian residents.

Earnings Before Taxes (EBT)

A measure of a company's profitability that calculates income before the deduction of tax expenses.

Free Cash Flow

The sum of money a business produces once it subtracts the cash spent to sustain its operations and upkeep of its capital assets.

Operating Costs

Expenses associated with running a business's core operations on a daily basis, excluding the cost of goods sold.