Restrictive (negative) covenants cannot:
a. be based on aesthetic considerations alone
b. restrict the owner's lawful use of the land
c. be enforced over a zoning ordinance unless they are less restrictive than the zoning ordinance
d. be too broad
Answer: d. be too broad
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Phil asks you to calculate the break-even point for his firm. You respond that you will need the following information:
A. the values for all assets and liabilities. B. total fixed costs, selling price, and variable costs per unit. C. forecasted sales volume, operating expenses, and asset values. D. sales revenue and total liabilities E. sales revenue and cost of goods sold
Which of the following is a likely reason that firms globalize?
A) avoid strategic stagnation B) achieve economies of scale C) concentrate the firm's revenue stream D) increase dependence on home country sales