Clothing For Accountants is a popular retail store owned by I.M. Material. Material has just sold the business to Phil Forma. Phil has asked that a covenant not to compete be inserted into the agreement. Such covenants are:
a. void as against public policy
b. only valid in employment contracts.
c. always valid.
d. valid if reasonable in time and geographic scope
Answer: d. valid if reasonable in time and geographic scope
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A contract may be written, oral, or implied by customary business practices
Indicate whether the statement is true or false
The practices that organizations and their managers use for identifying, creating, acquiring, developing, dispersing, and exploiting competitively valuable knowledge is known as
A. international strategy. B. value analysis. C. competitive advantage. D. internalization. E. knowledge management.
All the following variables are used in computing the cost of debt EXCEPT
A) risk-free rate. B) number of years to maturity. C) market price of the debt. D) maturity value of the debt.
You manage a portfolio in which you invest half of your money in T-Bills and the other half in a mutual fund that is indexed to match the market portfolio. What is the beta of this portfolio?
A) 0 B) 0.25 C) 0.50 D) 0.75 E) 1.00