Which of the Following Is True of a Nondisclosure Agreement

question 19

Multiple Choice

Which of the following is true of a nondisclosure agreement?

• A)It requires employees to promise not to reveal any confidential trade secrets,should they leave their present employment.
• B)It limits a worker's employment options after leaving his or her present job in order to protect the present employer's confidential matters.
• C)It restricts the seller of a business to enter the same type of business during a reasonable time and within a reasonable geographical area.
• D)It states that the party who wrote the contract will not be liable for any economic loss or physical injury,even if that party caused the loss or injury.

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Definitions:

Use Of Cash

Describes how a business or individual allocates cash resources for various purposes.

Fixed Assets

Long-term tangible assets that are used in the operations of a business and are not likely to be converted to cash in the short term.

Warehouse Financing

A form of financing used by banks and other institutions to loan money to companies using inventory as collateral.

Trust Receipt

A trust receipt is a financial document issued by a bank to a buyer who has obtained a loan to purchase goods, where the buyer agrees to hold the goods in trust for the bank until the loan is repaid.