Which of the Following Is a Principle in the Canadian

question 2

Multiple Choice

Which of the following is a principle in the Canadian Standard Association (CSA) Model Code?

• A) accuracy
• B) consent
• C) accountability
• D) openness
• E) all of the above

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Definitions:

Service Business

A type of business that provides intangible products, such as expertise, time, or activities, to customers rather than physical goods.

Manufacturing Business

A company engaged in the production of goods by processing raw materials into finished products.

Merchandising Business

A type of business that purchases goods for resale to customers, making profits from the markup over the cost of goods sold.

Limited Liability Company

An organizational form blending the direct tax system of a sole proprietorship or partnership with the reduced liability features of a corporation.