What Kind of Precautions Do Employers Use to Guard Their

question 13

Multiple Choice

What kind of precautions do employers use to guard their valuable intellectual property from misappropriation by disgruntled, departing employees?​

• A) ​Contributory negligence
• B) ​Infringement of trade mark
• C) ​Tort of trade secret
• D) ​Non-compete clause

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Definitions:

Unit Product Cost

The total cost, including materials, labor, and overhead, to produce a single unit of a product.

Activity-Based Costing

Activity-based costing is a method of assigning indirect costs to products and services based on the activities they require.

Predetermined Overhead Rate

A calculated rate used to allocate manufacturing overhead costs to products based on a certain activity base like labor hours or machine hours.

Traditional Costing

A costing method that allocates overhead based on a predetermined rate, often leading to less accuracy in product costing.