According to the Text,one of the Most Basic and Successful

question 7

Multiple Choice

According to the text,one of the most basic and successful approaches to protecting trade secrets is:

• A)Threat of litigation
• B)Working with law makers to increase fines and sentences for those that steal trade secrets
• C)Requiring employees and vendors to sign non-disclosure agreements
• D)Requiring employees and partners to get ISO 9000 certified

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Definitions:

Write-Down

A reduction in the book value of an asset when its market price falls below its carrying value on the balance sheet.

Gross Profit

The difference between revenue and the cost of goods sold, representing the basic profitability of the products or services sold by a company.

Pretax Income

The income of a business before income taxes are deducted.

Understated

Describes a financial statement element that is reported at a figure less than its actual value, potentially misleading users of the statements.