The Definition of "Trade Secret" Under the Economic Espionage Act

question 121

True/False

The definition of "trade secret" under the Economic Espionage Act (EEA)is very specific and differs significantly from the definition used under the civil laws of misappropriating a trade secret.

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Definitions:

Forensic Accounting

The practice of using accounting skills to investigate fraud or embezzlement and to analyze financial information for use in legal proceedings.

Managerial Accounting

The field of accounting focused on providing financial and nonfinancial information to help managers make decisions to fulfill the objectives of an organization.

Financial Accounting

The field of accounting focused on the preparation of financial statements for external users, such as investors and creditors.

Merchandising Businesses

Companies that purchase goods in a finished state and sell them without changing their form, typically involving retail and wholesale entities.