WorksheetsTrade Secret and Employer's Physical Assets Quiz (Part 2)
Total questions: 15
Worksheet time: 8mins
What is a trade secret?
A type of public information
Any confidential business information
A legal document
A type of employee contract
Which organization defines trade secret?
World Trade Organization (WTO)
World Intellectual Property Organization (WIPO)
United Nations (UN)
International Monetary Fund (IMF)
What can give an organization a competitive edge?
Employee satisfaction
Market trends
Trade secrets
Public relations strategies
What is commercial espionage?
A legal business practice
The act of sharing trade secrets with competitors
Breach of contract involving confidential information
A type of marketing strategy
What is one factor in determining a protected trade secret?
The location of the business
The number of employees
The extent of measures taken to guard secrecy
The age of the business
What does larceny involve?
Borrowing property temporarily
Selling property legally
Taking personal property without consent
Taking property with consent
Who typically commits embezzlement?
A competitor
Someone in a position of trust
A customer
A random thief
What is skimming?
Using employer’s systems for personal benefit
A method of employee training
Taking cash after it is recorded
A type of fraud investigation
What is the primary purpose of protecting trade secrets?
To enhance customer service
To maintain a competitive advantage
To increase employee morale
To comply with legal regulations
What is a characteristic of proprietary information?
It is free to access
It is widely known
It is regulated by the government
It is confidential and not commonly known
What can happen if trade secrets are leaked?
Increased market share
Higher profits
Loss of competitive advantage
Improved employee relations
What does the ease of acquiring information affect?
The value of the information
The location of the business
The number of employees
The protection of trade secrets
What is a fraudulent disbursement?
A type of employee bonus
A legitimate payment
A payment made to a vendor
An unauthorized payment made for personal gain
What is the impact of trade secrets on an organization's financial position?
They are only relevant to large companies
They only affect marketing
They can significantly affect it
They have no impact
What is the act of taking cash from an employer before it is recorded called?
Fraud
Skimming
Larceny
Embezzlement
