Which of the Following Is True with Regard to the Law

question 102

Multiple Choice

Which of the following is true with regard to the law of trade secrets/breach of confidence?

• A) Computer software is not a proper subject matter for trade secret/breach of confidential protection because it can be protected by copyright law.
• B) Trade secret law is governed by a provincial statute.
• C) While an employee is prohibited from disclosing confidential information he has learned on the job, he can use the general skills he has acquired on that job when he changes employment.
• D) The court cannot award punitive damages, just compensatory damages, for breach of confidence.
• E) The protection afforded by this area of the law is limited to breaches of confidence only in a commercial setting, e.g., stealing a company's customer list, plans, etc.

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Definitions:

Equivalent Units

A concept used in process costing that converts partially completed units into a number of fully completed output units.

Manufacturing Cells

A layout design in manufacturing where machines and workers are grouped together to produce a specific product or component.

Conversion Costs

Costs required to transform raw materials into finished products, combining direct labor and manufacturing overhead.

FIFO Method

"First in, first out," an inventory valuation method that assumes goods are sold in the order they were acquired or produced.