Which of the Following Accurately Describes a Requirement for a Business

question 9

Multiple Choice

Which of the following accurately describes a requirement for a business to qualify as a 'qualified small business corporation' (QSBC) ?

• A) The corporation must be a CCPC that uses at least 50% of the fair market value its assets for active business purposes in Canada at the time the shares are sold.
• B) More than fifty percent of the fair market value of the assets of the business must have been used for active business in the past 36 months.
• C) The corporation must hire less than 5 full-time employees.
• D) The shares must not have been owned by another non-related individual in the past 24 months.

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Definitions:

Rounds

Repeated sequences or stages of activity, often used in the context of funding phases for startups.

Joint Ventures

A business arrangement where two or more parties agree to pool their resources for the purpose of accomplishing a specific task.

Host Country Nationals

Host country nationals are individuals who are citizens of the country where a foreign subsidiary or operation is located, often employed by the subsidiary.

Least-Preferred

Refers to the option or choice that is viewed as the least favorable or desirable among a set of alternatives.