Question

a company that carelessly allows a trade secret to become known has no right to prevent...

a company that carelessly allows a trade secret to become known has no right to prevent competitors from using it

true or false

Business   Economics   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

Trade secrets can be described as the information related to trade, the method or technique used,a formula,a process or a program involving trade,etc.The formula for the soft drink, a method of preparing a product, a machine for manufacturing a product,etc. these all examples come under the category of trade secrets. According to Uniform Trade Secret act (UTSA), a company must protect its trade secrets so that they can't be used by others.If the company fails to keep its information secret, its protection is lost and so does its value. Thus, The above statement is true. A company that carelessly allows a trade secret to become known has no right to prevent competitors from using it.

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
What is the most effective remedy for disclosing a trade secret when the trade secret was...
What is the most effective remedy for disclosing a trade secret when the trade secret was obtained inappropriately? Returning the secret to the company Money damages Equitable relief Attorney's fees What are possible punishments for those found guilty under the Economic Espionage Act? $10,000 or prison time $500,000 and ten years in prison Ten years in prison or fine $100,000 and five years in prison Transactions that involve the transfer of the right of possession and use of goods for...
In order to prevent a transaction from being recorded more than once, a company should maintain...
In order to prevent a transaction from being recorded more than once, a company should maintain only one book of original entry. True or False?
Even if a segment has the right size and growth and is structurally​ attractive, a company...
Even if a segment has the right size and growth and is structurally​ attractive, a company must consider its own objectives and resources before targeting that segment. True False
If a bond has a call provision, then it gives the bondholders the right but not...
If a bond has a call provision, then it gives the bondholders the right but not the obligation to sell the bond back to the company. True or False?
11. If a country allows free trade and its domestic price for a given good is...
11. If a country allows free trade and its domestic price for a given good is lower than the world price, then it will import that good. a. True b. False 12. If a consumer places a value of $20 on a particular good and if the price of the good is $25, then the a. consumer has consumer surplus of $5 if he buys the good. b. consumer does not purchase the good. c. price of the good will...
The consulting company that your group formed last week has grown and become very popular. Your...
The consulting company that your group formed last week has grown and become very popular. Your company has become well-known for the educational workshops that you provide. A client (who has facilities nationwide) that uses your services frequency has asked your consulting company to provide a recorded educational workshop on Managed Care Organizations. They would like to see an explanation as to what a managed care organization is, how managed care works, how managed care affects reimbursement, and nationwide examples...
The company has opening trade receivables (debtors) of £20,000 and closing trade receivables of £15,000. Sales...
The company has opening trade receivables (debtors) of £20,000 and closing trade receivables of £15,000. Sales for the year was £60,000. How much cash was received from trade receivables during the year? a. £95,000 b. £5,000 c. £25,000 d. £65,000
1) When writing an executive financial memo, the staff has the right to make up their...
1) When writing an executive financial memo, the staff has the right to make up their own assumptions. True           or         False 2) It is not important when adding exhibits to a financial memo to have alignment on all exhibits. True           or         False 3) The roots of the Asian currency crisis extended from a fundamental change in the economics of the region, the transition of many Asian nations from being net importers to net exporters.              True           or         False
True and False: GAAP allows companies that would normally use the equity method the option of...
True and False: GAAP allows companies that would normally use the equity method the option of using the fair value method, assuming the value of the stock is readily determinable. FRS allows companies that would normally use the equity method the option of using the fair value method, assuming the value of the stock is readily determinable. the concepts of significant influence and control under GAAP are very similar to the concepts used in IFRS. Journal entry 4.Big company receives...
QUESTION 16 Preemption rights give a Venture Capitalist the right to buy shares in future rounds...
QUESTION 16 Preemption rights give a Venture Capitalist the right to buy shares in future rounds of financing to preserve their current interest in the company. True False QUESTION 17 Venture capitalists will typically conduct an investigation of the founders and of the company to assure themselves that there has not been and there is not currently any illegal activity being conducted that could damage the company. True False QUESTION 18 Term sheets are used to work out the natural...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT