A Trade Secret Is Commercially Valuable Information That Is Guarded

question 18

True/False

A trade secret is commercially valuable information that is guarded from disclosure and is not general knowledge.

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Definitions:

Liable

Legally responsible or obligated to compensate for harm, loss, or damage caused by one's actions or omissions.

Capitalize

The accounting practice of recording a cost or expense on the balance sheet for the purposes of delaying full recognition of the expense over time through depreciation or amortization.

Equity Securities

Financial instruments that represent ownership interest in a company, such as stocks.

Debt Securities

Financial instruments representing money borrowed that must be repaid, such as bonds, bills, or notes.