Which of the Following Statements Is TRUE

question 59

Multiple Choice

Which of the following statements is TRUE?

• A)A harmonized sales tax now exists in every province except Alberta and Quebec.
• B)A specialization agreement, in which one business promises to stop producing a product in exchange for another company's promise to stop producing a different product, is always treated as a criminal offence under the Competition Act.
• C)Within the context of corporations and shareholders, "integration" refers to the federal government's attempt to create rules that generate the same amount of income tax whether a business is conducted directly by an individual or through a corporation.
• D)The Competition Act's rules regarding misleading advertising previously appeared in the provincial Sale of Goods Acts.
• E)The Supreme Court of Canada's decision in Tervita Corporation v Commission of Competition stands for the proposition that the defence of due diligence is not available to a taxpayer that is accused of tax evasion.

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Definitions:

Aversions

A strong dislike or disinclination towards something, often causing someone to avoid it.

Preceded by Tone

Describes a situation or condition that is announced, signalled, or introduced by an auditory signal or sound.

Shock

Shock is a critical medical condition resulting from inadequate blood flow to the body’s tissues and organs, leading to organ failure and potentially life-threatening outcomes.

React with Fear

To respond to a situation or stimulus with a feeling of anxiety or dread, often as a means of protection or avoidance.