There Is No Legislation in Canada That Requires Personal Information

question 53

True/False

There is no legislation in Canada that requires personal information be kept accurate, up to date and complete as possible in an organizational HRIS.

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Definitions:

Paid-In Capital

Funds received from investors in exchange for ownership shares or stock, representing the capital contributed by shareholders.

Legal Capital

The minimum amount of capital that a company is required to maintain to protect creditors, typically determined by law.

Shares Issued

Refers to the total number of shares that have been allocated and are held by shareholders, including both public investors and company insiders.

Paid-In Capital

The total amount of money that shareholders have invested in a company through the purchase of shares.