Tony Textiles, Ltd

question 12

Multiple Choice

Tony Textiles, Ltd. (TTL) , is a piecework contract bidder in Europe. Without authorization, TTL accesses the computer system of Upright Clothes, Inc.-TTL's competitor in the United States-to disrupt and destroy Uprught's business. A treaty that may provide mechanisms to stop TTL's activity is

• A) the Convention on the Choice of Court Agreement.
• B) the Convention on the Use of Electronic Communications in International Contracts.
• C) the Cyber-Crime Convention.
• D) the New York Arbitration Convention.

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Definitions:

Fixed Assets

Long-term tangible assets used in the operations of a business, not expected to be converted to cash within a year.

Net Investment

The total amount of money spent on capital assets, such as buildings and machinery, minus any depreciation.

EBIT

Earnings Before Interest and Taxes, a measure of a firm's profit that includes all income and expenses (operating and non-operating) except interest and income tax expenses.

Operating Cash Flow

A measure of the cash generated by a company's normal business operations, indicating its ability to pay bills and fund investments.