The purpose of the CCAA is

A) to provide an orderly system to pay off creditors when a corporation goes bankrupt
B) to let a corporation restructure its debt so it can return to profitability
C) to attract new investors to a struggling corporation
D) to provide an orderly system to dissolve a corporation and distribute its assets to creditors and shareholders
E) let creditors and shareholders get the maximum rate of return for the debts they are owed by a corporation

B

Business

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When encountering objections, salespeople should not ask clarifying questions since doing so often gives the impression that the salesperson is trying to "dodge" the issue

a. true b. false

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Which of the following penalties is usually imposed against an accountant who, in the course of preparing a tax return, breaches common law contract duties owed to a client?

A. Specific performance. B. Punitive damages. C. Money damages. D. Rescission.

Business