Which of the following statements is true about a trade secret?
A. A trade secret generally does not include devices and compilations of information.
B. A trade secret usually receives legal protection even if its owner did not take reasonable precautions to keep it a secret.
C. A business may attempt to maintain a trade secret, but its misappropriation is not considered a breach of law.
D. A business may attempt to maintain a trade secret when it has a process or product that is not novel enough to receive patent protection.
Answer: D
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What is working capital for 2019?
The financial statements of Carrier Office Furniture Company include the following items:
A) $206,000
B) $66,500
C) $37,500
D) $95,500
Assume in analyzing alternative proposals that Proposal F has a useful life of six years and Proposal J has a useful life of nine years. What is one widely used method that makes the proposals comparable?
A) Ignore the fact that Proposal F has a useful life of six years and treat it as if it has a useful life of nine years. B) Adjust the life of Proposal J to a time period that is equal to that of Proposal F by estimating a residual value at the end of year six. C) Ignore the useful lives of six and nine years and find an average (7 1/2 years). D) Ignore the useful lives of six and nine years and compute the average rate of return.
A buyer who is unable to obtain cover
a. will be limited to the remedy of incidental damages. b. will be limited to the remedy of consequential damages. c. will lose the money or goods invested in the breached contract. d. may be allowed the remedy of specific performance.
The Securities Act of 1933 has two basic objectives, one of which is to:
a. extend protection to investors trading in outstanding, issued securities. b. grant the SEC power to impose administrative, civil penalties up to $600,000. c. regulate disclosure requirements on publicly held corporations. d. prohibit misrepresentation, deceit, and other fraudulent acts and unfair practices in the sale of securities generally, whether or not they are required to be registered.