The July 6, 2013, Railway Disaster in Lac-Mégantic, Quebec Highlighted

question 31

Multiple Choice

The July 6, 2013, railway disaster in Lac-Mégantic, Quebec highlighted the danger that businesses can face when they are located close to rail lines, especially in the event of a derailment. One hundred and fifteen businesses were severely affected when an unattended train carrying crude oil derailed and crashed in the downtown area. Thirty buildings were completely destroyed, much of the downtown infrastructure (roads, utilities, and so on) was destroyed or severely damaged, and over 40 people died with many others seriously injured. While a runaway train may seem to be a rare occurrence, Canadian statistics indicate that, based on data from 2007-2011, on average there are 58 derailments annually, although not all of these involve dangerous goods.
- In the case of a train derailment in the immediate vicinity, where should a roll call of employees from the local factory take place?

• A)at the command centre
• B)at the designated assembly area(s)
• C)in the parking lot of a local church or school
• D)in the company cafeteria or other large meeting room

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Definitions:

Capital Gain Yield

The price appreciation component of a stock's total return, excluding dividends, expressed as a percentage of the initial price of the stock.

Par Value

The face value of a bond or stock, as specified by the issuing company, which does not necessarily reflect its market value.

Coupon Rate

The yearly rate of interest that is paid on a bond, represented as a percentage of the bond's nominal value.

Decline In Yield

A decrease in the income return on an investment over a specified period of time, often related to bonds and other fixed-income securities.