In DCS Sanitary Management V

question 458

Multiple Choice

In DCS Sanitary Management v. Castillo, where a company had employees agree not to work for any competitors within 100 miles of any customer of DCS, the appeals court held that the agreement:

• A) was a valid restraint on competition since such agreements are legal unless they violate the antitrust laws
• B) violated public policy and that the company must pay damages to the employees
• C) was not enforceable due to lack of consideration
• D) was a reasonable restraint on competition that could be enforced
• E) none of the other choices

Identify characteristics of Insular manuscript tradition and its influence on later medieval art forms.

Understand the concept of price elasticity of demand and its calculation using different methods.

Identify factors affecting price elasticity of demand including time horizon, availability of close substitutes, definition of the market, and whether a good is a necessity or a luxury.

Analyze the effect of price changes on quantity demanded using the concept of elasticity.

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Definitions:

Recency Effect

A cognitive bias that predisposes individuals to weigh recent events or information more heavily than earlier data when making decisions or evaluations.

Target Person

A specified individual chosen for assessment, observation, or interaction in various contexts, including research, marketing, or performance evaluation.

Stereotype

A widely held but fixed and oversimplified image or idea of a particular type of person or thing.

Perceive Distinctions

The process of recognizing or identifying differences or variations between things or concepts.