Businesses That Are Allowed to Use the Quick Method for Applying

question 2

Multiple Choice

Businesses that are allowed to use the Quick Method for applying GST/HST include -

• A) banks and other financial institutions
• B) any business with annual sales less than $500 000
• C) some small businesses
• D) all businesses may use the Quick Method

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Definitions:

Marketable Securities

Financial instruments that can be quickly converted into cash at a known price, such as stocks or bonds.

Optimal Initial Balance

The ideal starting amount of funds that maximizes the effectiveness or efficiency of a financial account or investment strategy.

BAT Model

Stands for the Best Alternative to a Negotiated Agreement; a benchmark used in negotiations to determine each party's alternative options if the current negotiations fail.

Lower Level

Pertains to the subordinate or less complex components within a system, organization, or hierarchy.