Which of the Following Is Not a Correct Statement as a General

question 334

Multiple Choice

Which of the following is not a correct statement as a general rule involving the protection of proprietary information?

• A) As a class, employees are the largest group of persons bound to secrecy because of their status or relationship
• B) By operation of common law, employees are presumed to be fiduciaries to an extent that they may not disclose secrets of their employers without authorization
• C) Other than the employees, any other persons to be bound to secrecy must agree to be so bound
• D) Any agreements to be bound must always be in writing and are not implied from acts

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Definitions:

Accounts Receivable

The money owed to a company by its customers for goods or services that have been delivered but not yet paid for.

Intangible Assets

Intangible assets are non-physical assets owned by a business, such as patents, trademarks, goodwill, and licensing agreements, known for their long-term value.

Long-Term Debt

Loans and financial obligations lasting over one year that are used to finance a company's operations.

Book Value

The value of an asset according to its balance sheet account balance, subtracting any liabilities or depreciation.