Measurements Are Made at Two Different Times $- 8.1$ In
Percentage Change

question 42

Multiple Choice

Measurements are made at two different times. Find the absolute change and then find the percentage change. Roundanswers to the nearest tenth if necessary.
-The total rainfall in Laketown last year was 8.8 inches. This year it was 0.7 inches.

• A) Absolute change: \(- 8.1\) in.
• Percentage change: \(- 1157.1 \%\)
• B) Absolute change: \(- 8.1\) in.
• Percentage change: \(- 92 \%\)
• C) Absolute change: \(8.1\) in.
• Percentage change: \(1157.1 \%\)
• D) Absolute change: \(- 8.1\) in.
• Percentage change: \(- 9.2 \%\)

Understand the concept of the agency problem and ways to mitigate it.

Identify the various financial institutions and markets in Canada.

Comprehend the differences between types of business structures and their taxation.

Understand the implications and mechanisms of management compensation strategies in alignment with shareholder interests.

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Definitions:

Sales Tax

A tax imposed by governments on the sale of goods and services, added to the retail price.

Tax Freedom Day

The day of the year when a nation as a whole has theoretically earned enough income to pay its taxes for the year.

Property Tax

A tax on the value of property (capital, land, stocks and bonds, and other assets) owned by firms and households.

Lotteries

A form of gambling that involves the drawing of numbers at random for a prize, often used by governments and organizations as a means of raising funds.