Curtis, Without Authorization and After Many Unsuccessful Attempts to Access

question 5

Multiple Choice

Curtis, without authorization and after many unsuccessful attempts to access the information, downloads a formula used by his employer to make an award-winning product. He plans to sell the formula to a competitor and make enough money to retire. Instead, he may face:

• A) a fine of up to $500,000 or imprisonment for up to ten years.
• B) a fine of up to $1 million or imprisonment for up to twenty years .
• C) a fine in the amount determined to be the employer's potential loss.
• D) imprisonment for up to fifty years.

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Definitions:

Market Interest Rate

The prevailing rate of interest determined by supply and demand in the money market that borrowers must pay and lenders receive.

Operating Lease

A contract that allows the use of an asset but does not convey rights of ownership, typically used for short-term leasing arrangements.

Capital Lease

A lease classified as a financial transaction where the lessee gains substantial control over an asset, treated like an asset purchase.

Bond Indenture

A legal document specifying the terms and conditions under which a bond is issued, including the interest rate, maturity date, and other covenants.