According to Statistics Canada, as of July 1, 2012, the Median

question 57

Multiple Choice

According to Statistics Canada, as of July 1, 2012, the median age of the Canadian population is approximately ____years.

• A) 32
• B) 35
• C) 40
• D) 45

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Definitions:

NWC

Net Working Capital, which is calculated as current assets minus current liabilities, indicating the company's short-term financial health.

Sunk Cost

A cost that has already been incurred and cannot be recovered, which should not influence future decisions.

Incremental Cost

The additional cost that is incurred by producing one more unit of a good or service.

Opportunity Cost

This represents the benefits an individual, investor, or business misses out on when choosing one alternative over another.