Many Corporations Carry on Business in More Than One Province

question 5

Multiple Choice

Many corporations carry on business in more than one province.Assuming a corporation from Newfoundland wishes to conduct business in Nova Scotia, the corporation will not pay tax in Nova Scotia if

• A)the parent corporation sets up a branch in Nova Scotia.
• B)the permanent establishment in Nova Scotia has a lower sales to wage ratio than the ratio in Newfoundland.
• C)a branch treaty exists between Newfoundland and Nova Scotia.
• D)business is conducted with Nova Scotia by way of direct sales from Newfoundland.

Compare the adaptability and market response times of small and large businesses.

Grasp the role of small businesses in various industries.

Understand the role and increase of entrepreneurship and entrepreneurial education.

Acknowledge the importance of flexibility and innovation in small businesses.

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Definitions:

Elasticities of Demand

A measure of how much the quantity demanded of a good responds to a change in the price of that good, showing the responsiveness of consumers.

Distinct Groups

Groups characterized by clear, definable differences or boundaries in social, economic, demographic, or other relevant aspects.

Southwest Airlines

This is an American low-cost carrier known for its unique business model and customer service approach.

Passenger Traffic

The movement of passengers via modes of transportation such as air, sea, or land.