Which of the Following Statements Is Correct with Respect to the Functions

question 2

Multiple Choice

Which of the following statements is correct with respect to the functions of government?

• A) The executive branch of government consists of those senior clerks working for the ministers.
• B) The legislative branch of government consists of the federal Parliament and the provincial legislative assemblies.
• C) The judicial branch of government consists of the police forces and the RCMP.
• D) The executive branch of government consists of the federal Parliament and the provincial legislative assemblies.
• E) The legislative branch of government consists of those senior clerks who are responsible for proposing and drawing up new legislation.

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Definitions:

Contribution Format Income Statement

A format for income statements that divides fixed and variable expenses, emphasizing the margin of contribution.

Traditional Format Income Statement

A type of income statement where expenses are deducted from revenues to calculate net income, typically divided into operating and non-operating sections.

Fixed Selling Expense

refers to selling costs that do not vary with the volume of sales, including salaries of sales personnel and advertising expenses.

Variable Selling Expense

Variable selling expense refers to costs that fluctuate with the volume of sales, such as commissions and shipping charges.