The Purpose of a Confidentiality Agreement Is to Define and Restrict

question 9

True/False

The purpose of a confidentiality agreement is to define and restrict the type of information that you are permitted to access and establish what kind of information you are able to disclose about the company.

---

Definitions:

Sunk Cost

A cost that has already been incurred and cannot be recovered, which should not influence future decisions.

Incremental Cost

The additional cost that is incurred by producing one more unit of a good or service.

Opportunity Cost

This represents the benefits an individual, investor, or business misses out on when choosing one alternative over another.

Book Value

The net value of a company's assets minus its liabilities, as recorded on the balance sheet, often compared to its market value.