Which of the Following Is Correct with Respect to Trade

question 97

Multiple Choice

Which of the following is correct with respect to trade secrets?

• A)The information must be fully disclosed under the provincial Trade Secrets Act.
• B)Trade secrets include such things as formulas,processes,and recipes.
• C)Personal information cannot be a trade secret,even if it affects the business.
• D)The employee need not be informed that the information is confidential.
• E)There is no duty not to disclose trade secrets unless specified in a contract.

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Definitions:

Orange Juice

A commodity traded on futures markets, representing frozen concentrated orange juice.

Futures Contracts

Legal agreements to buy or sell a particular commodity or financial instrument at a predetermined price at a specified time in the future.

Standardized

Made uniform in format and structure, facilitating comparison and assessment across different instances or entities.

Forward Contracts

A non-standardized agreement between two parties to buy or sell an asset at a specified future time at a price agreed upon today.