CSSLP · Question #338
Which of the following is a formula, practice, process, design, instrument, pattern, or compilation of information which is not generally known, but by which a business can obtain an economic…
The correct answer is C. Trade secret. A trade secret is valuable business information, such as a formula, practice, or process, that is not generally known and provides a competitive economic advantage to its owner.
Question
Which of the following is a formula, practice, process, design, instrument, pattern, or compilation of information which is not generally known, but by which a business can obtain an economic advantage over its competitors?
Options
- ACopyright
- BUtility model
- CTrade secret
- DCookie
How the community answered
(17 responses)- B6% (1)
- C94% (16)
Why each option
A trade secret is valuable business information, such as a formula, practice, or process, that is not generally known and provides a competitive economic advantage to its owner.
Copyright protects original works of authorship, such as literary or artistic creations, not business processes or formulas themselves.
A utility model protects new technical inventions, similar to a patent but for 'minor' inventions, and does not apply to secret business information.
A trade secret is defined as confidential business information that gives a company an economic advantage because it is not generally known or ascertainable by others.
A cookie is a small piece of data stored on a user's computer by a web browser, used for tracking or maintaining session state, not intellectual property.
Concept tested: Trade secret definition
Source: https://www.wipo.int/tradesecrets/en/
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