Financing Decisions PRIMARILY Deal With

question 209

Multiple Choice

Financing decisions PRIMARILY deal with:

• A)how to obtain funds to acquire resources.
• B)the use of scarce resources.
• C)preparing financial statements for shareholders.
• D)acquiring equipment and buildings.

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Definitions:

Personal Liability

Legal responsibility of an individual to answer for debts, actions, or failures, potentially using personal assets to cover obligations.

Canada Revenue Agency

The federal agency that administers tax laws for the Government of Canada and for most provinces and territories.

Derivative Action

A lawsuit brought by a corporation shareholder against the directors, management, or other shareholders of the corporation for a failure in duty that harmed the corporation.

Oppression Remedy

A legal remedy designed to protect minority shareholders in a company from unfair treatment or abusive actions by majority shareholders or the company's directors.