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