One Key Advantage That Trade Secret Law Has Over the Use

question 13

Multiple Choice

One key advantage that trade secret law has over the use of patents and copyrights in protecting companies from losing control of their intellectual property is:

• A)the time limitation for a trade secret is longer than for patents and copyrights
• B)no royalties must be paid on trade secrets
• C)trade secrets can become part of the prior art and be used to protect patents and copyrights
• D)there is no need to file an application or disclose a trade secret to gain protection

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Definitions:

Earnings Before Interest And Taxes

An indicator of a firm's earnings, specifically excluding the costs associated with interest and income taxes.

Depreciation

The accounting process of allocating the cost of tangible assets over their useful lives, reflecting the decrease in value of the asset over time.

Tax Rate

The fiscal share individuals or corporations surrender as tax.

Interest Expense

The cost incurred by an entity for borrowed funds, often reported on the income statement.