The Charter of Rights and Freedoms

question 20

Multiple Choice

The Charter of Rights and Freedoms

• A) is part of the Constitution Act of 1992.
• B) applies to all Canadian employees and employers.
• C) ensures that no laws infringe on Charter rights.
• D) takes precedence over all other laws.
• E) is fairly limited in scope.

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Definitions:

Noncontrolling Interest

Represents the equity interest in a portion of a subsidiary's net assets that is not attributable directly or indirectly to the parent company.

Common Stock

A type of equity security that represents ownership in a corporation, with holders usually having a vote in corporate decisions but in the last in line during liquidation.

Preferred Stock

A class of ownership in a corporation that has a higher claim on its assets and earnings than common stock, often receiving dividends before common shareholders and having a fixed dividend rate.

Intra-Entity Transaction

Transactions that occur between two segments within the same company.