Information that is not known by the competition and would cause a business to lose its advantage if the competition obtained it and is protected from disclosure by the owner is:
A) a trade secret
B) a copyright
C) an easement
D) a bargaining chip
E) a patent

Question

Quizplus · Accepted Answer

A trade secret is information that gives a business a competitive advantage and is not known to the competition. This information is protected by the owner and can include things like customer lists, manufacturing processes, and formulas. If the competition were to obtain this information, it could harm the business's competitive edge. Copyrights, easements, and patents all protect different types of intellectual property, but they do not necessarily relate to information that would cause a business to lose its advantage if disclosed to the competition. A bargaining chip is not a type of intellectual property protection.

Information That Is Not Known by the Competition and Would