The Clandestine Collection of Trade Secrets or Proprietary Information About

question 175

Multiple Choice

The clandestine collection of trade secrets or proprietary information about a company's competitors is referred to as

• A) economic espionage.
• B) industrial espionage.
• C) marketplace espionage.
• D) industrial surveillance.
• E) patent infringement.

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Definitions:

Standard Costs

Estimated pre-determined costs used for budgeting and measuring performance.

Standard Direct Labor Rate

The predetermined cost per hour for labor directly involved in manufacturing a product or delivering a service.

Payroll Taxes

Taxes imposed on employers or employees, and are usually calculated as a percentage of the salaries that employers pay their staff.

Fringe Benefits

Additional compensation provided to employees beyond their base salary or wages, such as health insurance, retirement benefits, and paid vacations.