Which of the Groups Below Would Benefit from a "Strong

question 52

Multiple Choice

Which of the groups below would benefit from a "strong" Canadian dollar?

• A)Canadian consumers of imports.
• B)Canadian firms selling to other countries.
• C)Foreign companies with operations in Canada.
• D)Canadians who hold foreign assets.
• E)Canadian firms offering tours to foreign tourists.

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Definitions:

Income Taxes

Taxes levied by a government directly on income, especially an annual tax on personal or corporate earnings.

Sunk Costs

Sunk costs are expenses that have already been incurred and cannot be recovered.

Opportunity Costs

The forfeiture of possible benefits from different options when selecting one option over the others.

Terminal Cash Flow

The net cash flow received or paid at the end of a project's life, including salvage value and net working capital recovery.