Which of the following statements most accurately describes the position that the courts adopt with respect to non-competition clauses in an employment contract?
A) Any restriction lasting for more than one year will automatically be deemed unreasonable.
B) They will only be enforceable if the employee at the time of agreeing to the provision had had independent legal advice.
C) They will be enforced if they are reasonable limitations
D) They are strictly unenforceable on grounds of public policy.
E) They are enforceable if it is justa restriction based on a certain distance away from the previous employer's business
C
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The return on a _____ is an appropriate measure of the risk-free rate of return.
A. long-term Treasury note B. certificate of deposit C. 90-day Treasury bill D. long-term corporate bond E. common stock
The deposit of cash directly at the bank to speed collections often involves the use of a lockbox
a. True b. False Indicate whether the statement is true or false
A bailee never has a right to use the bailed property.
Answer the following statement true (T) or false (F)
Butler Automotive developed a new diagnostic testing procedure that is expected to increase sales
by $10,000 per month. As more drivers bring in their vehicles, Butler expects to also do more oil changes and brake repairs. As a result, inventory levels of oil and brake parts must be increased by $5,000. Revenues from oil changes and brake jobs are expected to increase by $4,000 per month. An example of a synergistic effect from the new diagnostic testing procedure is the A) increase in revenue of $10,000 per month for the diagnostic testing. B) increase in revenues from oil changes and brake jobs of $4,000 per month. C) increase in inventory levels of oil and brake parts. D) increase in all activities totaling $19,000 per month.