MGTA01H3 Lecture Notes - Lecture 6: Canada Revenue Agency, Smart People, Audit Risk
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MGTA01H3 Full Course Notes
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> someone who enters into a business or industry and takes a chance; it might be risky but he"ll do it. Midterm exam: know degrees of competition and different markets. Only tested on ch 1-3, but all 6 lectures. There"s about 2. 5 billion businesses in this country. We believe that the fourth factor of production is the culture, spirit said we need people with enterprise and want people who want to start business. It"s easy for a small business to fail. Not only does the canadian culture and society says start a business, but by making it easy to start a business, we get a huge turnover of businesses that fail. The word fail is not entirely accurate but what we do know for sure is that after 2 or. 5 years, a large percentage of businesses that got started up are no longer paying taxes.
