A Good Test to Know Your Limits with Respect to Alcohol

question 7

Multiple Choice

A good test to know your limits with respect to alcohol consumption is:

• A) walking heel to toe in a circle with your eyes closed.
• B) standing with your feet crossed and trying to touch your finger to your nose while your eyes are shut.
• C) consuming five or more drinks in an hour.
• D) jumping up and down five times with your eyes closed and then seeing if you vomit.

Understand and calculate average numbers in various contexts.

Apply knowledge of tax (GST and PST) calculations in financial contexts.

Calculate mill rates and understand their impact on property taxes.

Determine weighted average shares and understand its relevance in financial decisions.

---

Definitions:

Issued Shares

Shares of a company's stock that have been allocated and are currently owned by shareholders.

Preference Shares

A type of stock that provides shareholders with prioritized dividend payments and, in some cases, preferential treatment in asset distribution upon the company's liquidation.

Outstanding Shares

The total number of shares of stock that are currently owned by shareholders, including shares held by institutional investors and restricted shares owned by company insiders.

Statutory Close Corporation Supplement

A legal provision that allows a closely held corporation to operate with fewer formalities and more flexibility than is typical under corporate law.