Rick Was a Talented Computer Programmer and Had Agreed to Work

question 60

Multiple Choice

Rick was a talented computer programmer and had agreed to work for Bill in his successful computer software business, signing a one-year contract to that effect. On the day he was to start work, and after a week of training where he learned a considerable amount of confidential information about Bill's operation, he phoned Bill and announced that he was going to work for Bill's competitor instead. Which of the following is the appropriate remedy in these circumstances?

• A) Specific performance
• B) Accounting
• C) Injunction
• D) No remedy
• E) Rescission

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Definitions:

Overhead Applied

The portion of overhead costs that are assigned to goods and services, typically based on a predetermined overhead rate.

Direct Labor

Direct Labor refers to the wages and benefits of employees who are directly involved in the production of goods, considered a variable cost.

Manufacturing Costs

The aggregate costs associated with the process of producing finished goods, including materials, labor, and overhead.

Direct Materials

Raw materials that are directly traceable to the production of finished goods.