Protecting Confidential Information and Ethical Gift Giving in Business

The video tutorial by Global Ethics Solutions covers the importance of protecting confidential information, trade secrets, and proprietary information. It explains intellectual property and its value as a company asset. Guidelines for safeguarding confidential information are provided. The video also discusses the ethics of business gifts and hospitality, highlighting the importance of understanding what gifts communicate and the considerations for appropriate gift-giving.

What is considered confidential information?

• Non-public information that could benefit competitors

• Information available on public websites

• Published articles in journals

• Common knowledge shared in the industry

Which of the following is an example of a trade secret?

• A company's public financial report

• A patented invention

• A business strategy that provides a competitive edge

• A news article about the company

What is intellectual property?

• Publicly available data

• Tangible assets like machinery

• Common industry practices

• Intangible property from creative efforts

Which of the following is NOT a guideline for protecting confidential information?

• Avoiding unauthorized access

• Being cautious on cell phones

• Removing it from meeting rooms after use

• Discussing it openly in public places

What is a legitimate business gift?

• A personal loan

• A large sum of money

• A promotional item

• A lavish vacation

What is a potential consequence of giving inappropriate gifts?

• Increased sales

• Legal jeopardy for the company

• Improved customer relationships

• Enhanced company reputation

Which consideration helps determine if a gift is appropriate?

• The gift's color

• The gift's packaging

• The gift's origin

• The gift's exclusivity