Which of these is NOT true with regards to the duties of the owner of a trade secret?
A. The owner is obliged to take all reasonable precautions to prevent the secret from being discovered by others.
B. The owner will not be protected by state unfair competition laws if he or she fails to take all reasonable precautions to protect the secret.
C. Reasonable precautions may include fencing in buildings, placing locks on doors, and hiring security guards.
D. The owner of a trade secret has an absolute right to the secret and, as such, need not do anything to prevent the secret from being discovered by others.
Answer: D
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Ruby and Anita are partners. Ruby has a capital balance of $270,000 and Anita has a capital balance of $180,000. Denis contributes a building with a current market value of $170,000 to acquire an interest in the new partnership. Which of the following is TRUE of the journal entry to record this transaction? (Assume no bonus to any partner.)
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A. predatory B. tactical C. strategic D. pro-social E. green marketing
How do scholars explain differences in firm performance within the same industry?
What will be an ideal response?