Trade Secret and Employer's Physical Assets Quiz (Part 2)

What is a trade secret?

• A type of public information

• Any confidential business information

• A legal document

• A type of employee contract

Which organization defines trade secret?

• World Trade Organization (WTO)

• World Intellectual Property Organization (WIPO)

• United Nations (UN)

• International Monetary Fund (IMF)

What can give an organization a competitive edge?

• Employee satisfaction

• Market trends

• Trade secrets

• Public relations strategies

What is commercial espionage?

• A legal business practice

• The act of sharing trade secrets with competitors

• Breach of contract involving confidential information

• A type of marketing strategy

What is one factor in determining a protected trade secret?

• The location of the business

• The number of employees

• The extent of measures taken to guard secrecy

• The age of the business

What does larceny involve?

• Borrowing property temporarily

• Selling property legally

• Taking personal property without consent

• Taking property with consent

Who typically commits embezzlement?

• A competitor

• Someone in a position of trust

• A customer

• A random thief

What is skimming?

• Using employer’s systems for personal benefit

• A method of employee training

• Taking cash after it is recorded

• A type of fraud investigation

What is the primary purpose of protecting trade secrets?

• To enhance customer service

• To maintain a competitive advantage

• To increase employee morale

• To comply with legal regulations

What is a characteristic of proprietary information?

• It is free to access

• It is widely known

• It is regulated by the government

• It is confidential and not commonly known