Which of the following is true of a trade secret:
A) it is not known by the competition
B) the business would lose its advantage if the competition were to obtain it
C) the owner has 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 information that has economic value and is not known by the competition. The business would lose its advantage if the competition were to obtain it. The owner has taken reasonable steps to protect the secret from disclosure, such as keeping it confidential or requiring employees to sign nondisclosure agreements. All of the other specific choices are correct.

Which of the Following Is True of a Trade Secret