Reference no: EM132188730

1. In an employment contract, a covenant not to compete is unenforceable.? True or False

2. To whom does the Williams-Steiger Occupational Safety and Health Act apply?

Work by self-employed business people

Work by a child under the age of twenty-one

Employment of a spouse by a spouse

Work by a parent for a child

3. The final step in creating a knowledge management program is:

to organize the essential knowledge and disseminate it throughout the company to those who need it.

to take an inventory of the special knowledge a company possesses that gives it a competitive advantage.

to continue to add to the knowledge base the company has assembled.

to create company goals and objectives

4. Contracts in restraint of trade are contrary to the public policy that favors competition in the economy. True or False

5. The most successful strategic plans make the ________ focal.

competitive analysis

customer

product

control process

6. Entrepreneurial businesses fall victim to this circumstance because they think it only benefits large companies. Without it, a firm has no sustainable basis for survival.

A lack of strategic planning

Poor financial controls

Uncontrolled growth

Lack of inventory control

7. Under what circumstances would a typical franchiser have the right to cancel a franchise contract?

The franchisee declares bankruptcy.

The franchise fails to follow retail pricing guidelines set by the franchiser.

Within five days of the initial signing of the contract

If the franchiser decides he/she wants to buy back the franchise