All of the Following Are Required in Order for Information

question 73

Multiple Choice

All of the following are required in order for information to be considered a trade secret except:

• A)it must have commercial value to its owner.
• B)the owner must have taken steps to protect it.
• C)it must be unique.
• D)it must be something that others do not know.

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Definitions:

Rent

A periodic payment made by tenants to owners for the use of property or land, or the income derived from the lease of such property.

Resource Market

Markets where the services of the factors of production (such as labour, capital, land) are bought and sold.

Product Market

The marketplace where final goods or services are offered to consumers, businesses, and the government.

Consumer Expenditures

The total spending by consumers on goods and services for personal use.