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NEW QUESTION: 1
Which of the following statements regarding trade secrets is FALSE?
A. Many companies require their employees to sign nondisclosure agreements regarding the protection of their trade secrets.
B. For a company to have a resource qualify as a trade secret, it must provide the company with some type of competitive value or advantage.
C. The Trade Secret Law normally protects the expression of the idea of the resource.
D. A resource can be protected by law if it is not generally known and if it requires special skill, ingenuity, and/or expenditure of money and effort to develop it.
Answer: C
Explanation:
Explanation/Reference:
Explanation:
It does not protect the expression of the idea of the resource, but specific resources. The other answers are incorrect because: For a company to have a resource qualify as a trade secret, it must provide the company with some type of competitive value or advantage is incorrect as it is a feature of a trade secret.
Many companies require their employees to sign nondisclosure agreements regarding the protection of their trade secrets is also incorrect as it is one of the ways to protect the trade secrets of a company. A resource can be protected by law if it is not generally known and if it requires special skill, ingenuity, and/or expenditure of money and effort to develop it is also incorrect as it is also a feature of a trade secret.
References: Shon Harris AIO v3, Chapter 10: Law, Investigation, and Ethics, Page: 720- 721
NEW QUESTION: 2
Of the following, retention of business records should be PRIMARILY based on:
A. regulatory and legal requirements.
B. periodic vulnerability assessment.
C. past litigation.
D. device storage capacity and longevity.
Answer: A
Explanation:
Explanation
Retention of business records is a business requirement that must consider regulatory and legal requirements based on geographic location and industry. Options A and C are important elements for making the decision, but the primary driver is the legal and regulatory requirements that need to be followed by all companies.
Record retention may take into consideration past litigation, but it should not be the primary decision factor.
NEW QUESTION: 3
A. Option A
B. Option D
C. Option B
D. Option C
Answer: A,B
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