QUESTION 36 A business\'s ____ refers to its ability to continue to operate in t
ID: 358137 • Letter: Q
Question
QUESTION 36
A business's ____ refers to its ability to continue to operate in the event of the death, retirement, or other incapacity of an owner of the business.
continuation
lifetime
perpetuity
duration
experience
37) Under the ____ "whoever, with intent to convert a trade secret that is related to or included in a product that is produced for or placed in interstate or foreign commerce to the economic benefit of anyone other than the owner thereof, and intending or knowing that the offense will injure any owner of that trade secret" is subject to prosecution.
none of the other choices are correct
Trade Secret Protection Act
Economic Protection Act
International Patent Protection Act
Economic Espionage Act
a.continuation
b.lifetime
c.perpetuity
d.duration
e.experience
Explanation / Answer
1. A business's perpetuity is its ability to last forever, here cash flow is continues indefinitely regardless of death, retirement or other incapacity of the owner. Hence the correct option is c. Perpetuity.
2. According to Economic Espionage Act of 1996, anyone who is involved in industrial espionage is subject to prosecution. Hence the correct option is E. Economic Espionage Act
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