______ in an Organization Are the Individuals and Groups Who

question 22

Multiple Choice

______ in an organization are the individuals and groups who depend on the firm in order to achieve their personal goals and on whom the firm depends for its existence.

• A)Stakeholders
• B)Shareholders
• C)Directors
• D)Consumers

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Definitions:

Straight-line Depreciation

A method of calculating the depreciation of an asset which assumes the asset will lose an equal amount of value each year over its useful life.

Salvage Value

The estimated resale value of an asset after its useful life has ended.

Tax Rate

This is the proportion of income that is taken by the government as tax, impacting both individuals and businesses.

CCA Class

Refers to the classification system used for Capital Cost Allowance, determining the depreciation rate for tax purposes on different types of assets in Canada.