Test Bank for Karakowsky and Guriel, The Context of Business. Questions and Answers

1) Part of the government’s aim in offering assistance to business is to encourage
innovation
a. True
b. False

Answer: a
Diff: 1
Type: TF
Page Reference: 341
Skill: recall
Objective: LO1

2) According to the Fraser Institute, there is a great deal of evidence showing that
government assistance to business leads to widespread economic growth and job creation.
a. True
b. False

Answer: b
Diff: 2
Type: TF
Page Reference: 341
Skill: both
Objective: LO1

3) The government of Canada is organized into three levels of government: Federal,
Provincial/Territorial and municipal
a. True
b. False

Answer: a
Diff: 1
Type: TF
Page Reference: 344
Skill: recall
Objective: LO2

4) The highest level of government that governs all Canadian citizens, residents and
others across Canada is the Ministry of Defence
a. True


Test Bank for Karakowsky and Guriel, The Context of Business, 1e
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