A Contract for the Sale of Business Often Includes Several

question 5

Multiple Choice

A contract for the sale of business often includes several alternative restraint of trade clauses,such as 'for three years and five kilometres' or 'two years and three kilometres' etc.The buyer inserts these alternatives because:

• A)courts cannot alter the wording of a restraint of trade clause.
• B)courts have the power to choose the most reasonable clause and to 'sever' (cut)the others.
• C)courts require this type of contract to offer at least two alternative restraint of trade clauses.
• D)all of the above are correct.
• E)A & B only are correct.

Identify principles of supportive communication.

Comprehend the role and process of active listening in problem-solving.

Acknowledge different types of communication including non-verbal, unidirectional, and bidirectional.

Understand the emotional responses, such as defensiveness, in communication.

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Definitions:

Break-Even Point

The level of sales at which profit is zero.

Contribution Margin Ratio

A financial metric that measures the proportion of sales revenue that exceeds variable costs and contributes to covering fixed expenses and generating profit.

Net Loss

The result when a company's total expenses exceed its total revenues during a specific period, indicating a negative profit.

Break-Even Point

The point at which total costs and total revenues are exactly equal, resulting in no net profit or loss for a business.