A Contract Limiting the Rights of Others to Go into Business

question 217

Multiple Choice

A contract limiting the rights of others to go into business in a specific industry or line of business for a specified period is called a

• A)noncompete covenant.
• B)patent.
• C)copyright.
• D)trademark.

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Definitions:

Individualist Culture

Individualist culture emphasizes personal achievements and independence, valuing individual rights above those of the group.

Self-serving Bias

A cognitive bias that involves attributing successes to internal factors and failures to external factors to maintain self-esteem.

Halo Effect

A cognitive bias in which an observer's overall impression of a person, company, brand, or product influences the observer's feelings and thoughts about that entity's character or properties.

Initial Attraction

The first phase of attraction towards someone, usually based on physical appearance, which can lead to interest or desire for a closer relationship.