To Be Enforceable by a Court,a Non-Compete Agreement Within an Employment

question 48

Multiple Choice

To be enforceable by a court,a non-compete agreement within an employment relationship:

• A) must be provide benefits to only the employer.
• B) must not be supported by any additional consideration to the employee.
• C) must have a reasonable scope and duration.
• D) should be contrary to public interest.

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Definitions:

Employee Wages

Payment given to workers for their services, usually determined by the hour, day, or work completed.

Net Income

The amount of money remaining after all operating expenses, taxes, and interest have been subtracted from total revenue.

Adjusting Entries

Journal entries made at the end of an accounting period to allocate income and expenditure to the period in which they actually occurred.

Liability and Asset Accounts

Accounts on a balance sheet that represent obligations to pay others (liabilities) and resources owned by a company (assets).