A _____ consists of a formula, device, idea, process, pattern, or compilation of information that gives the owner a competitive advantage in the marketplace, is novel in the sense that it is not common knowledge, and is kept in a reasonably confidential state.
A) copyright
B) patent
C) trade secret
D) property right
E) trademark

Question

Quizplus · Accepted Answer

A trade secret is defined as any non-public information that provides a business with a competitive edge and is protected by confidentiality agreements. It can include formulas, practices, designs, instruments, patterns, or compilations of information.

A _____ Consists of a Formula, Device, Idea, Process, Pattern