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A trade secret is:Question 4Select one:a.anything of value a company takes reasonable steps to protect from disclosure.b.company information required by statute to be protected from disclosure.c.company information a judge decides should be protected from disclosure.d.things of value recognized within an industry as being protectable from disclosure.

Question

A trade secret is:Question 4Select one:a.anything of value a company takes reasonable steps to protect from disclosure.b.company information required by statute to be protected from disclosure.c.company information a judge decides should be protected from disclosure.d.things of value recognized within an industry as being protectable from disclosure.

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Solution

The correct answer is:

a. anything of value a company takes reasonable steps to protect from disclosure.

A trade secret refers to any confidential business information which provides an enterprise a competitive edge. The secrecy of this information is maintained and protected through reasonable steps taken by the company.

Similar Questions

Information is only considered a trade secret if the company takes steps to protect it.*1 pointTrueFalse

Trade secrets are protected primarily through: 1 point Registration with government agencies Disclosure to the public Contracts and confidentiality agreements Publishing in academic journals

What must you do in order to protect a trade secret?1 pointRegister your trade secret with the US Trade Secret RegistryTake precautions to keep the information secretNothing: trade secret protection is automatic as soon as the secret is generated

Benefits of trade secrecy include:1 pointLower costs than a patent system.Eliminating disclosure benefitsCreating risk for rights holders

True or false: A trade secret's holder has the right to sue any signee who breaches a trade secret nondisclosure agreement.True false question.TrueFalse

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