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NEW QUESTION: 1
Intellectual property is a form of legal risk which is also known as confidential and proprietary information.
Which description would be most appropriate for a trade secret?
A. A monopoly created by law that gives the patent holder the sole right to make use or sell an article and prevent others from doing so without their permission.
B. Protection provided by law for authors and creators of intellectual property providing for exclusive rights to publish.
C. An identifying label, symbol, or words which exclusively identify a product or service.
D. Commercial information describing a plan, process, or mechanism which is only known by the owner and a limited number of others, and is commonly protected by a confidentiality agreement.
Answer: D
Explanation:
Intellectual property is a form of legal risk which is also known as confidential and proprietary information. The description most appropriate for a trade secret is commercial information describing a plan, process, or mechanism which is only known by the owner and a limited number of others, and is commonly protected by a confidentiality agreement. A copyright is protection provided by law for authors and creators of intellectual property providing for exclusive rights to publish. A patent is a monopoly created by law that gives the patent holder the sole right to make use or sell an article and prevent others from doing so without their permission. A trademark is an identifying label, symbol, or words which exclusively identify a product or service.

NEW QUESTION: 2
A forensic analyst is reviewing electronic evidence after a robbery. Security cameras installed at the site were facing the wrong direction to capture the incident. The analyst ensures the cameras are turned to face the proper direction. Which of the following types of controls is being used?
A. Corrective
B. Detective
C. Preventive
D. Deterrent
Answer: A
Explanation:
Explanation/Reference:
Explanation:
A corrective control would be any corrective action taken to correct any existing control that were faulty or wrongly installed - as in this case the cameras were already there, it just had to be adjusted to perform its function as intended.

NEW QUESTION: 3
Fulford Company applies the target pricing and costing approach. The following information about costs and revenues of Fulford's product are available for the year just ended:

Fulford plans to increase unit sales to 80,000 by reducing the product's unit price to US $320.
If Fulford desires a unit target operating income of 12CYo, by what amount must it reduce the full cost per unit?
A. US $32.00
B. US $70.40
C. US $38.40
D. US $80.00
Answer: B
Explanation:
Unit target operating income is US $38.40 $320 unit target price 12°X0). Hence, the unit target full cost is US $281.60 $320 - $38.40). The current full cost per unit is US $352.00 [($13,200,000 CGS + $7,920,000 other value chain operating costs) - 60,000 units sold], so the necessary reduction in the full cost per unit is US $70.40 $352.00 - $281.60).

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