Statistics Canada Projects That One of the Fastest Growing Visible

question 23

Multiple Choice

Statistics Canada projects that one of the fastest growing visible minority groups in Canada,who are expected to triple their current numbers by 2031 will be which group?

• A) Filipino Canadians
• B) South Asians
• C) African-Canadians
• D) Arabs

Understand the dynamics and challenges of family members entering a family business.

Analyze major considerations in assessing the financial condition of an existing business.

Understand the nature of goodwill as an intangible asset.

Understand the definition and roles of the franchisor and franchisee.

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Definitions:

Profit Center

A business unit or department which is treated as a separate entity for the purpose of calculating its profitability.

Cost Center

A segment within an organization that is responsible for incurring costs, without directly contributing to the company’s income.

Sales Journal

A record of sales transactions where credit sales are recorded.

Gross Profit

The financial metric that represents the difference between sales revenue and the cost of goods sold, before deducting overheads, payroll, taxation, and interest payments.