Rejean Is a World Class Athlete, Who Was Recently Suspended

question 72

Multiple Choice

Rejean is a world class athlete, who was recently suspended by the Canadian Athletics Association.If that suspension remains in place, Rejean will not be allowed to compete in the upcoming world championships.Rejean therefore hopes to quickly and conclusively have the suspension overturned.The contract that Rejean had signed with the Canadian Athletics Association gives him the right to choose any form of dispute resolution.Which of the following alternatives is likely his best option?

• A)litigation
• B)mediation
• C)negotiation
• D)arbitration
• E)small claims court

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Definitions:

Pre-Tax Book Income

The income of a company before taxes have been deducted, as recorded in the accounting records according to standard accounting practices.

Tax Depreciation

The depreciation expense allowed by taxation authorities that enables a taxpayer to recover the cost of property or assets.

Book Depreciation

The systematic allocation of the cost of a tangible asset over its useful life for accounting and tax purposes.

Tax Rate

The percentage at which an individual or corporation is taxed by the government on income or profits.