To be valid, an agreement not to compete must be ancillary to a legitimate bargain
Indicate whether the statement is true or false
True
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PowerPoint enables salespeople to provide customers with:
A) product brochures B) interactive demonstrations C) numerous product samples D) professional-looking presentations E) valid and reliable research summaries
Ronn Industries Ronn Industries reported net income of $95,000 for 2012. Early in 2013, Ronn discovered that its 2012 ending inventory was overstated by $5,000. Refer to the information provided for Ronn Industries. Determine the financial statement effects of the inventory error for 2013
A) Expenses will be understated and net income will be overstated. B) Expenses will be overstated and net income will be understated. C) Both expenses and net income will be overstated. D) Both expenses and net income will be understated.
A limited first contact with a potential client is referred to as a:
A) screening interview. B) screen test. C) retainer interview. D) retainer test.
Ace Inc. is evaluating two mutually exclusive projects-Project A and Project B. The initial investment for each project is $50,000. Project A will generate cash inflows equal to $15,625 at the end of each of the next five years; Project B will generate only one cash inflow in the amount of $99,500 at the end of the fifth year (i.e., no cash flows are generated in the first four years). The required rate of return of Ace Inc. is 10 percent. Which project should Ace Inc. purchase?
A. Neither project should be purchased, because neither has a positive net present value (NPV). B. Project B should be purchased because it has a higher net present value (NPV) than Project A. C. Project A should be purchased because it will produce cash every year for five years. D. Project A should be purchased because it has a positive net present value (NPV). E. Project A should be purchased because Project B does not generate cash flows during the first four years of its life.