In Canada, Who Is Responsible for the Day-To-Day Running of a Ministerial

question 36

Multiple Choice

In Canada, who is responsible for the day-to-day running of a ministerial department?

• A) the prime minister
• B) the cabinet secretary
• C) the deputy minister
• D) a member of parliament

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Definitions:

Acquisition Method

An accounting procedure used in consolidating the financial statements of a parent company and its subsidiaries, focusing on the fair value of acquired assets and liabilities.

Purchase Method

An accounting method used in business combinations where the acquirer's assets, liabilities, and contingent liabilities are recorded at their fair values at the acquisition date.

Subsidiary's Assets

Assets owned by a company that is completely or majority-owned by another company, known as the parent company.

Statutory Amalgamation

A legal process that combines two or more companies into one new entity, typically under specific legal frameworks.