An employee's theft of her employer's trade secrets is considered as a(n):?
A) ?liability
B) ?tort.
C) ?bailment.
D) ?injunction.
B
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When an owner invests assets in the business, the capital account increases due to revenue being earned
Indicate whether the statement is true or false
A payor bank is under no obligation to its customer to pay an uncertified check that is more than six months old
a. True b. False Indicate whether the statement is true or false
Since an error in the period-end inventory causes an offsetting error in the next period:
A. Managers can ignore the error. B. It is said to be self-correcting. C. It affects only income statement accounts. D. Is immaterial for managerial decision making. E. If affects only balance sheet accounts.
Every person who signs a negotiable instrument is liable for payment of that instrument when it comes due.
Answer the following statement true (T) or false (F)