Suppose that jack and sophia and hal enter into an agreement for the sale of the business without the non-competition agreement. jack states that he would probably sign the non-competition agreement if they included an extra $100,000. a month later, hal and sophia bring jack $100,000. what is the result? a. jack cannot change his mind, since he stated that he would probably accept $100,000 additional for the non-competition agreement. b. if jack does not accept the $100,000, he may not sell the frozen food, but only for a reasonable amount of time. c. if jack does not accept the $100,000, there is a valid contract for the sale of the business, without a non-competition clause. d. if jack does not accept the $100,000, there is no valid contract for the sale of the business or for the non-competition agreement.

What are the main advantages and disadvantages of organizing a firm as a c corporation? the advantages are: (select all the choices that apply.) a. there is no limit on the number of owners a c corporation may have, thus allowing the corporation to raise substantial amounts of capital. b. the life of the business can continue beyond the death of any of the owners. c. the corporation can use the assets of the owners to pay for corporate liabilities. this attracts smaller investors to the corporation. d. the liability of the owners is limited to the amount of their investment in the firm. the disadvantages are: (select all the choices that apply.) a. income to a c corporation is subject to double taxation, once at the corporate level and again when received by the owners in the form of a dividend. b. the life of the business usually ends with the death of any of the owners. c. the c corporation is more complicated and more expensive to set up than other business entities. d. corporate liabilities can be passed on to the share

Burberry is pursuing a focused differentiation strategy aimed at high-end luxury customers. however, the company is also employing a segmentation strategy to separate customers within that focus. the strategy offers items at an entry-level price point for customers who desire to be like celebrities such as sarah jessica parker as well as couture items for those richest and celebrity customers. what strategy is burberry pursuing?

Agovernment receives a gift of cash and investments with a fair value of $200,000. the donor specified that the earnings from the gift must be used to beautify city-owned parks and the principal must be re-invested. the $200,000 gift should be accounted for in which of the following funds? a) general fund b) private-purpose trust fund c) agency fund d) permanent fund