Question

In: Accounting

Which of the following statements about trade secrets is true? a) Unlike patents, a trade secret...

Which of the following statements about trade secrets is true?

a) Unlike patents, a trade secret cannot last forever.

B) Unlike patents, trademarks, and copyrights, there is a federal law that protects trade secrets.

c) Very few states have adopted the Uniform Trade Secrets Act.

d) Reverse engineering is an illegal way of discovering a trade secret.

e) If someone uses lawful means to uncover a secret, then the secret is no longer protected by the secret’s owners.

_____ is a contract between a copyright holder and user, typically used in software licenses.

a)Click-wrap license

b)General Public License

c)Shrink-wrap license

d)Digital Millennium Copyright Agreement

e)End User License Agreement

Expert Solution

Which of the following statements about trade secrets is true?

The correct answer is OPTION E i.e If someone uses lawful means to uncover a secret, then the secret is no longer protected by the secret’s owners.

The only statement true about trade secrets.

EXPLANATION

Trade secrets are made to protect the secrets of any trade which businessman does. Further trade secrets are illegal to use if any outsider is using these trade secrets to do the same business.

Although, if someone uses lawful means to uncover a secret, then the secret is no longer protected by the secret’s owners.

Otherwise :
Unlike patents, a trade secret can last forever.
Unlike patents, trademarks, and copyrights, there is no federal law that protects trade secrets.
No states have adopted the Uniform Trade Secrets Act.
Reverse engineering is an illegal way of discovering a trade secret.

_____ is a contract between a copyright holder and user, typically used in software licenses.

The correct answer is OPTION E i.e End User License Agreement

EXPLANATION

End User License Agreement is a contract between a copyright holder and user, typically used in software licenses.

Other options like :

Click-wrap license
General Public License
Shrink-wrap license
Digital Millennium Copyright Agreement

are not related to a contract between a copyright holder and user, typically used in software licenses.

ekkarill92 answered 2 years ago

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