A project manager is discussing with team members sensitive project information that should not be disclosed outside of the office. Which of the following BEST describes this type of information?

Intellectual property is a broader category that includes trade secrets, but also patents, copyrights, and trademarks, which are often publicly registered. The question emphasizes *undisclosed* sensitive information.

Marketing information is generally intended for public consumption, not for strict internal confidentiality regarding competitive advantage.

A trade secret is sensitive project information that gives a company a competitive advantage and is actively protected from public disclosure. It includes formulas, practices, designs, instruments, or compilations of information that are not generally known or reasonably ascertainable by others, and by which a business can obtain an economic advantage over competitors.

'Top secret' is a classification level typically used in government or military contexts for national security information, not standard business project information.