QuestionQ20

Asset Security

Which of the following is a formula, practice, process, design, instrument, pattern, or compilation of information that is not generally known, but through which a business can gain an economic advantage over its competitors?

  • A Cookie
  • B Trade secret
  • C Utility model
  • D Copyright
Explanation

A trade secret is nonpublic business information, such as a formula, process, design, or compilation, that provides economic value because competitors do not generally know it.

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