Which of the Following Statements Best Describes the Average Investment

question 8

Multiple Choice

Which of the following statements best describes the average investment in training and development as a percentage of payroll in Canada

• A)increasing year over year at a nearly constant level
• B)increasing year over year at an accelerated rate
• C)averaging about 2% of payroll over the last 10 years
• D)decreasing at an increasing rate

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Definitions:

Settlement

Transfer of assets where nominal or no consideration is involved.

Bankruptcy

A legal process through which individuals or businesses unable to meet their outstanding financial obligations are provided relief from some or all of their debts.

Fraudulent Preferences Act

Legislation that aims to void or reclaim transactions made by a debtor that prefers one creditor over others immediately before declaring bankruptcy.

Province

A territorial unit of a country that is under the jurisdiction of a federal government, functioning as a regional authority.