Needs Are Usually Expressed in Social, Economic or Health-Related Terms

question 20

Multiple Choice

Needs are usually expressed in social, economic or health-related terms and are often:

• A) determined by statistics of the area.
• B) identified by a number of different organizations.
• C) qualitative statements.
• D) large problems that need to be broken into smaller needs.

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Definitions:

CCA Class

This refers to a categorization system used for tax purposes to group depreciable assets by their useful life, affecting how capital cost allowance is calculated.

Net Advantage

The overall benefit or profit derived from making a particular investment decision, considering all financial impacts.

Corporate Tax Rate

The percentage of corporate profits that is paid to the government as tax, varying by country and sometimes by the size or type of corporation.

After-Tax Salvage Value

The after-tax salvage value is the net value of a depreciated asset at the end of its useful life, after accounting for taxes on any difference between the sales price and the book value of the asset.