Which of the following is true of a trade secret:
A) the business would lose its advantage if the competition were to obtain it
B) it is copyrighted
C) the owner has not taken reasonable steps to protect the secret from disclosure
D) all of the other specific choices are correct
E) none of the other specific choices are correct

Question

Quizplus · Accepted Answer

A trade secret is a confidential and valuable piece of information, such as a formula, process or method, that gives a business a competitive advantage. If the trade secret were to be obtained by a competitor, the business could lose its advantage. A trade secret is not copyrighted, and the owner must take reasonable steps to protect it from disclosure. So, choices B, C, D and E are not correct.

Which of the Following Is True of a Trade Secret