Suppose That There Is a General Feeling in Certain Parts

question 34

Multiple Choice

Suppose that there is a general feeling in certain parts of the country that judges should be elected, rather than appointed. A system of electing judges can be introduced only through a constitutional amendment. That means that

• A) the new system must be supported by at least half the provinces, and those provinces must contain at least two- thirds of the country's population.
• B) the Prime Minister must call an election.
• C) there must be unanimous agreement by all of the provincial legislatures.
• D) the new system must be supported by Parliament, plus two- thirds of the provinces, where those consenting provinces represent at least half of the Canadian population.
• E) the federal Parliament can adopt the new system as long as there is majority support in both the House of Commons and the Senate.

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Definitions:

Cash Cycle

The duration between the outlay of cash for the purchase of inventory and the collection of cash from customers, reflecting the efficiency of a company's cash management.

Payables

Financial obligations or amounts owed by a business to its suppliers or creditors for goods and services received.

Firm's Cash Cycle

The time period it takes for a company to convert its investments in inventory and other resources into cash flows from sales.

Investments In Inventory

Funds allocated towards purchasing goods for sale or raw materials to produce goods, aiming at generating future revenues.