Which One of the Following Is NOT a Way to Improve

question 56

Multiple Choice

Which one of the following is NOT a way to improve the efficiency in Canadian wealth management?

• A)Encourage hostile takeovers.
• B)Expand management's defence mechanisms with regards to takeovers.
• C)Hold managers personally accountable.
• D)Increase measures of corporate governance.

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Definitions:

Installment Sales Method

An accounting method that recognizes revenue when payments are actually received rather than at the point of sale.

Accrual Method

A bookkeeping approach that registers revenues and costs as they are accrued or realized, irrespective of the timing of the associated cash transactions.

Taxable Income

The amount of income that is subject to income tax after deductions and exemptions.

Corporate Income Tax Rate

The percentage of corporate profits that are paid to the government as income tax.