In 1997, the Technical Committee on Business Taxation Reported in Canada's

question 31

Multiple Choice

In 1997, the Technical Committee on Business Taxation reported in Canada's corporate income taxes.

• A)distortions among industrial sectors with differing tax rates across industries.
• B)distortions that favour debt over equity financing.
• C)distortions that favour small corporations over large ones.
• D)all of these answers are correct.

---

Definitions:

Conformity

The act of aligning one's beliefs, attitudes, and behaviors with those of a group or societal norms.

Lowball Technique

A persuasion strategy by which an offer is initially made attractive, but less favorable terms are introduced after commitment is obtained.

Centralised Communication

A form of communication in which all decisions and discussions flow through a central point or leader, common in hierarchical organizations.

Group Pressure

The influence exerted by a group on its members to conform to the group's norms and expectations, often affecting behavior and decision-making.