Nate works as a sales representative. His employment contract specifies that he cannot work for a competitor for a period of two years from employment. This is an example of
a. vagueness.
b. extortion.
c. ambiguity.
d. duress.
c
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Transaction processing systems (TPSs) are the most widely used information systems.
Answer the following statement true (T) or false (F)
Foxworth Company sold plant assets that had accumulated depreciation of $20,000. These assets cost Foxworth $70,000 when purchased 4 years ago. The sale of the assets resulted in a gain for Foxworth of $2,000. The amount of cash reported for this transaction on Foxworth's statement of cash flows is a:
A) $70,000 outflow. B) $52,000 inflow. C) $72,000 inflow. D) $2,000 inflow.
A budget procedure that provides for the maintenance at all times of a twelve-month projection into the future is called continuous budgeting
Indicate whether the statement is true or false
Answer the following statements true (T) or false (F)
A sale and leaseback occurs when the owner of an asset sells it and enters into a lease agreement to lease the asset back.