Which of the Following Statements Is True for the Confidentiality

question 12

Multiple Choice

Which of the following statements is true for the confidentiality clause?

• A)It restricts the licensor's right to disclose trade secrets after the licensing agreement has ended.
• B)During a licensing agreement,it permits the licensor to limit the number of people with whom the licensee may share the technology.
• C)It restricts the licensee's right to disclose the information only when the licensed technology is not a trade secret.
• D)Prior to licensing,it does not allow potential licensees to inspect the technology the licensor is providing.

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Definitions:

Fair Value

An estimate of the market price of an asset or liability, reflecting what a willing buyer would pay a willing seller in an arm's length transaction.

Issue Price

The price at which new shares are offered to the public or bonds are sold, determined at the time of issue.

Stock Dividends Distributable

It represents the shares that are due to shareholders as a dividend but have not yet been distributed.

Retained Earnings

The accumulated portion of net income that a company decides to keep, rather than distributing among shareholders as dividends, to finance investment or pay off debt.