Ch. 4 Flashcards
list the six categories of government activities that affect businesses
crown corporations, laws an regulations, the bank of Canada, taxation and financial policies, government expenditures, purchasing policies and services
what are “crown corporations”?
companies that are owned by the federal or provincial governments
describe why crown cooperations are important
they provide services that were not being provided by businesses and they provided some special services that could not otherwise be made available
what is privatization?
the process of selling publicly-owned corporations
laws and regulation are created by … consequently …
the politicians who have been elected by Canadians. the political parties in power can greatly affect the business environment
laws are derived from what four sources?
the constitution, precedents established by judges, provincial and federal statutes (laws) and federal and provincial administrative agencies
the supreme court of Canada has the final decision on …
constitutional questions and on importance cases of civil and criminal law
the federal government also oversees such industries as … (5)
aeronautics, shipping, railways, telecommunications, and atomic energy
marking boards control …
the supply or pricing of certain agricultural products
monetary policy is …
the management of the money supply and interest rates
the monetary supply is …
the amount of money the BoC makes available for people to buy goods and services
municipal governments in Canada provide … (10)
water supply, sewage disposal, garbage disposal, roads, sidewalks, street lighting, building codes, parks, playgrounds, and libraries
the federal government relies on …
income tax and other tax revenue to fund its activities
the provincial government rely on …
income tax and sales tax for revenue
the municipal governments rely on …
property taxes for their revenue
fiscal policy refers to …
how governments collect and spend tax dollars
how much does an average Canadian family spend on taxes, shelter, food, clothing and other?
44.2 %, 21.5%, 10.5%, 4.3%, 19.5%
the federal government has programs to assist …
business in depressed regions
governments also spend huge sums of money on … (7)
education, health, roads, ports, waterways, airports and various other services required by businesses and individuals
industry Canada regulates …
food ingredients, clothing labels, measurement accuracy of scales and fuel pumps
industry Canada is responsible for …
product and consumer safety
there are legal responsibilities placed upon … through …
business by the federal government through various regulations and acts of Parliament
what does NRC stand for and when was it established?
National Research Council. established in 1916
the National Research Council employs … and is responsible for …
over 3,000 scientists and technicians. responsible for science and technology
