A Covenant Not to Compete Is Enforceable Against an Employee

question 78

Multiple Choice

A covenant not to compete is enforceable against an employee (except in California and North Dakota) if:

• A) It is filed as a public record.
• B) It is reasonable in time and geographic scope .
• C) It is no longer than six months .
• D) It is entered into under threat of termination .

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Definitions:

Underapplied Overhead

A debit balance in the Manufacturing Overhead account that occurs when the amount of overhead cost actually incurred exceeds the amount of overhead cost applied to Work in Process during a period.

Adjusted Cost

The net cost of an asset after adjusting for changes such as improvements or depreciation.

Cost of Goods Available

The total cost of inventory that a company has at its disposal for sale during a certain period, comprising both the beginning inventory and the cost of goods manufactured.

Finished Goods Inventory

Products that are completed and ready for sale but have not yet been sold.