Mohammad was an employee in the new product development department of Estay Inc Mohammad was directly involved in the development of a new product that Estay intended to launch in 6 months. Estay took great care to keep information concerning the new product a secret. Ceries, Inc, a competitor of Estay, persuaded Mohammad to leave Estay to direct Ceries' marketing department. Which statement is
correct?
A) Mohammad can share with Ceries the confidential information he knows about Estay's new product because he was directly involved in its development.
B) Mohammad can share with Ceries the confidential information he knows about Estay's new product because his agency relationship with Estay is terminated.
C) Mohammad cannot share with Ceries the confidential information he knows about Estay's new product because of the equal dignities rule.
D) Mohammad cannot share with Ceries the confidential information he knows about Estay's new product because he has a duty not to disclose confidential information he acquired during the agency.
D
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Which one of the following is a sound internal control procedure for cash disbursements?
a. Making copies of purchase orders for the receiving department so they know how many items to be expected upon delivery b. Using presigned checks to facilitate payment within the cash discount period c. Comparing purchase requisitions, purchase orders, receiving reports, and invoices d. Requiring the signature of the purchasing department supervisor on checks
Consumers spend little time and effort evaluating alternatives in the purchase of table salt and milk. The consumer purchase decision process for such staples involves ________, which is virtually a habit and typifies low-involvement decision-making.
A. rational problem solving B. extended problem solving C. limited problem solving D. routine problem solving E. situational problem solving
Expenses are expired costs of doing business
Indicate whether the statement is true or false
An employee earns $5,500 per month working for an employer. The FICA tax rate for Social Security is 6.2% of the first $128,400 earned each calendar year and the FICA tax rate for Medicare is 1.45% of all earnings. The current FUTA tax rate is 0.6%, and the SUTA tax rate is 5.4%. Both unemployment taxes are applied to the first $7,000 of an employee's pay. The employee has $182 in federal income taxes withheld. The employee has voluntary deductions for health insurance of $150 and contributes $75 to a retirement plan each month. What is the amount of net pay for the employee for the month of January? (Round your intermediate calculations to two decimal places.)
A. $4,672.25 B. $4,628.25 C. $4,827.00 D. $4,386.25 E. $4,430.25