Which of the Following Is True in Relation to the Supreme

question 3

Multiple Choice

Which of the following is true in relation to the Supreme Court of Canada?

• A)The Supreme Court of Canada has one judge from each province and territory.
• B)The Supreme Court of Canada selects the cases it hears based on what it thinks is most important for the country.
• C)Private citizens have the right to take cases to the Supreme Court of Canada as a final appeal.
• D)The judges on the Supreme Court of Canada are appointed by Parliament.
• E)The Supreme Court of Canada hears appeals from federal courts,but not from provincial courts of appeal.

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Definitions:

Variable Costs

Costs that vary directly with the level of production or output, such as raw materials, packaging, and direct labor, which increase as production increases and decrease as production decreases.

Marginal Revenue

The additional income earned from selling one more unit of a good or service, an important concept in pricing and production decisions.

Total Revenue

The total amount of money generated by the sale of goods or services by a company before any costs are subtracted.

Barrier To Entry

Factors that prevent or inhibit new competitors from easily entering an industry or area of business, including high startup costs, strict regulations, and significant technological challenges.