Final answer:
The Dubin Inquiry was not established to investigate financial mismanagement of the 1976 Montreal Olympics, but rather to look into drug use in sports, notably after the Ben Johnson doping incident at the 1988 Seoul Olympics.
Step-by-step explanation:
The statement that "Canada's Dubin Inquiry was set up to investigate the poor financial managing of the 1976 Montreal Olympics" is false.
The Dubin Inquiry was actually established to investigate drug use in sport, particularly focusing on the use of performance-enhancing drugs by athletes, following the Ben Johnson doping scandal during the 1988 Seoul Olympics.
The inquiry was led by Canadian Judge Charles Dubin and is widely remembered for exposing widespread drug use in professional sports.