Professional Athletes Often Have Contract Clauses Prohibiting Risky Activities Such

question 94

Multiple Choice

Professional athletes often have contract clauses prohibiting risky activities such as skiing and motorcycle riding. These clauses are

• A)limited-liability clauses.
• B)risk insurance.
• C)restrictive covenants.
• D)illegal.

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Definitions:

Return on Assets

A financial ratio indicating how efficiently a company is using its assets to generate earnings.

Return on Assets

A financial ratio indicating how profitable a company is relative to its total assets, measuring the efficiency of asset use in generating profit.

Net Income

The profit of a company after all expenses and taxes have been deducted from total revenue.

EBIT

Earnings Before Interest and Taxes, a firm's earnings metric, accounts for all operational expenses aside from interest and taxes.