The Defend Trade Secrets Act,which Became Effective in May 2016

question 22

Multiple Choice

The Defend Trade Secrets Act,which became effective in May 2016:

• A) provides for criminal penalties for misappropriation of trade secrets.
• B) preempts state trade secret laws.
• C) provides for equitable remedies and the award of damages for misappropriation of trade secrets.
• D) All of these.

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Definitions:

Over Budget

A situation in which actual spending exceeds the planned or allocated budget.

Investment Turnover

A ratio that measures the efficiency of a company in generating sales or revenue from its investment in assets.

Sales

The total revenue generated from goods or services sold by a company during a specified period.

Invested Assets

Invested assets refer to the resources put into financial instruments or assets with the expectation of earning a return, including stocks, bonds, real estate, and other investment vehicles.