What Is the Name of the Agreement That Prohibits a Departing

question 43

Multiple Choice

What is the name of the agreement that prohibits a departing employee from working for any competitors for a period of time?

• A)noncompete agreement
• B)license agreement
• C)nondisclosure agreement
• D)union agreement

---

Definitions:

Balance Sheet

A financial statement that displays a company's assets, liabilities, and equity at a specific point in time.

Income Statement

A financial statement that shows a company's revenues and expenses over a specific period, providing insight into its profitability or loss.

Managerial Accounting

The process of identifying, measuring, analyzing, and communicating financial information to managers for the pursuit of an organization's goals.

Service Firms

Companies that provide intangible products or services to consumers or other businesses, as opposed to selling physical goods.