What Are the Two Basic Employment Laws for Federally Regulated

question 105

Multiple Choice

What are the two basic employment laws for federally regulated companies?

• A) Canada Human Rights Code and Canada Labour Act
• B) Canada Labour Code and the Canadian Human Rights Act
• C) Canada Human Rights Code and Labour Standards Act
• D) Canada Labour Standards Act and Canada Human Rights Act

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Definitions:

Cost of Merchandise Sold

The total cost incurred to purchase or manufacture the goods sold during a specific period.

FOB Shipping Point

A term used in shipping indicating that the buyer assumes responsibility for the goods and the cost of transportation once the goods leave the seller’s premises.

Report Form

The form of balance sheet with the Liabilities and Owner’s Equity sections presented below the Assets section.

Single-Step Form

An income statement format that subtracts total expenses from total revenues to find net income in one step.