The Economic Espionage Act of 1996 (As Amended in 2012

question 19

Multiple Choice

The Economic Espionage Act of 1996 (as amended in 2012 and 2016) :

• A) defines trade secrets to include information only in tangible form.
• B) protects the owner of trade secrets regardless of the measures used to keep the information secret.
• C) provides for punishment of organizations that violate the act by subjecting them to fines of up to $5 million.
• D) narrowly defines theft of trade secrets.

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Definitions:

Income Tax Expense

The total amount of income tax a company is obligated to pay to tax authorities, calculated based on its taxable income.

Interest Expense

The cost incurred by an entity for borrowed funds, including loans, bonds, or lines of credit.

Equity Multiplier

A financial ratio indicating how much of a company's assets are financed by shareholders' equity.

Total Assets

The sum of all resources owned by a company, valued in terms of the financial benefits they bring, and listed on the balance sheet.