Choose the Statement Below That Is Incorrect

question 98

Multiple Choice

Choose the statement below that is incorrect.

• A)The Competition Act distinguishes between practices that are criminal and practices that are noncriminal.
• B)The Director of the Competition Bureau sends alleged violations of a noncriminal nature to Parliament for examination.
• C)The Competition Act of 1986 established a Competition Bureau.
• D)The Competition Act of 1986 established a Competition Tribunal.
• E)Canada's anti-combine law dates from 1889.

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Definitions:

Total Revenue

The total amount of money generated by a company from its business activities, before any expenses are subtracted.

Fixed Costs

Expenses that do not change with the level of production or sales in the short term, such as rent, salaries, and insurance.

Variable Costs

Costs that vary directly with the level of production or sales, such as materials and labor.

Corporate Tax Rate

The percentage of a corporation's profits that is paid to the government as tax.