Choose the Correct Statements

question 73

Multiple Choice

Choose the correct statements. 1. The exchange rate is the value of the Canadian dollar expressed in units of foreign currency per Canadian dollar.
2. The real exchange rate is the relative price of Canadian-produced goods and services to foreign-produced goods and services.
3. The exchange rate is a measure of the quantity of the real GDP of other countries that a unit of Canadian real GDP buys.
4. The exchange rate is the relative price of Canadian-produced goods and services to foreign-produced goods and services.

• A)Statements 1 and 2 are correct.
• B)Statements 3 and 4 are correct.
• C)Statements 1 and 3 are correct.
• D)Statements 2 and 4 are correct.
• E)Statements 2 and 3 are correct.

Comprehend the concept of fiduciary duties and restrictions on post-employment activities for certain employees.

Understand the principles of vicarious liability and the circumstances under which an employer is liable for the actions of employees and contractors.

Distinguish between just cause for termination and situations where dismissal is due to operational requirements.

Know the obligations of employees in terms of gathering information and soliciting customers before and after termination.

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Definitions:

Basis of Value

The underlying assumptions or standards used to determine the value of an asset or liability.

Dividends

Funds distributed by a company to its stockholders, typically from earnings.

Retained Earnings

The portion of net income not distributed to shareholders but retained by the company to reinvest in its core business or to pay off debt.

Stock Dividend

A payment made to shareholders in the form of additional shares rather than cash, often based on a predetermined ratio to existing ownership.