In Case of Conflict of Ownership Between Employee and Employer

question 68

Multiple Choice

In case of conflict of ownership between employee and employer over a trade secret,the employer is normally held to be the owner when:

• A)the employee agreed to divulge or use trade secrets.
• B)other employees had no contribution in the work.
• C)the employee was hired to do work related to it.
• D)the employee was not given adequate compensation for the work.

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Definitions:

Transaction Type

Categorizes the nature of the financial activity within an accounting system, such as sales, purchases, payments, and receipts.

Budgeting

The process of creating a plan to spend your money, outlining anticipated income and expenses over a particular period.

Legal Entity Type

Categories under which business or organization structures are legally recognized, such as LLC, corporation, partnership.

Tax Form

A document used to report financial information to a governmental body for the purposes of tax calculation and compliance.