Trade Secrets Are Protected for an Indefinite Time

question 43

True/False

Trade secrets are protected for an indefinite time.

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Definitions:

Plant And Equipment

Long-term physical assets used in the operation of a business, such as machinery, buildings, and vehicles.

Current Asset

Assets expected to be converted into cash, sold, or used up within one year or within the business's operating cycle, whichever is longer.

Useful Life

The estimated duration for which an asset is expected to be operational, useful, and productive for its intended purpose.

Non-Current Liability

A financial obligation of a company that is due for repayment in more than one year's time.