An Individual May Freely Use the Trade Secret of Another

question 6

Multiple Choice

An individual may freely use the trade secret of another if:

• A) he discovers it through reverse engineering.
• B) he acquires it from a third party who trespassed on it.
• C) he obtains it by improper means and the secret is not patented.
• D) he acquires it by breaching the duty of confidentiality regarding the secret.

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Definitions:

Income Statement

A financial statement that shows the company's revenues and expenses over a specific period, indicating how the revenues are transformed into net income or loss.

Net Income

The total profit of a company after all expenses, including taxes, have been deducted from total revenue.

Common Stock

Common stock represents ownership shares in a corporation, entitling holders to vote on company matters and potentially receive dividends.

Retained Earnings

Retained earnings represent the portion of net earnings not paid out as dividends but retained by the company to be reinvested in its core business or to pay debt.