Raj Is Colour Blind, Yet Every One of His Four

question 137

Multiple Choice

Raj is colour blind, yet every one of his four children has normal colour vision.Which of Raj's grandchildren are most likely to be colour blind?

• A)his son's sons
• B)his daughter's sons
• C)his son's daughters
• D)his daughter's daughters

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Definitions:

Externality

A consequence of an industrial or commercial activity that affects other parties without this being reflected in market prices, often considered as either positive or negative.

Capital Cost Allowance (CCA)

A tax deduction available in Canada for depreciable property that can be used to reduce taxable income.

Straight-line Depreciation

A method of allocating the cost of a tangible asset over its useful life in equal annual amounts.

Projected Cash Flows

Estimated cash movements over a future period, based on expected income and expenses.