Those Most Responsible for the Major Policy Decisions of a Corporation

question 174

Multiple Choice

Those most responsible for the major policy decisions of a corporation are the

• A) management
• B) board of directors
• C) employees
• D) stockholders

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Definitions:

CCA Class

Refers to the Canadian tax system's categorization of depreciable property into classes, with each class having its own rate for capital cost allowance purposes.

Corporate Tax Rate

The percentage of a corporation's profits that are paid to the government as tax, varying by country and sometimes also by the size or type of corporation.

CCA Tax Shield

The CCA tax shield is a reduction in taxable income for businesses, achieved through claiming depreciation on assets, as permitted by tax laws.