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which a business can obtain an economic advantage over its competitors?

Which of the following is a formula, practice, process, design, instrument, pattern, or compilation of
information which is not generally known, but by which a business can obtain an economic
advantage over its competitors?

PrepAway - Latest Free Exam Questions & Answers

A.
Utility model

B.
Cookie

C.
Copyright

D.
Trade secret

Explanation:
A trade secret is a formula, practice, process, design, instrument, pattern, or compilation of
information which is not generally known. It helps a business to obtain an economic advantage over
its competitors or customers. In some jurisdictions, such secrets are referred to as confidential
information or classified information.
Answer option C is incorrect. A copyright is a form of intellectual property, which secures to its
holder the exclusive right to produce copies of his or her works of original expression, such as a
literary work, movie, musical work or sound recording, painting, photograph, computer program, or
industrial design, for a defined, yet extendable, period of time. It does not cover ideas or facts.
Copyright laws protect intellectual property from misuse by other individuals.
Answer option A is incorrect. A utility model is an intellectual property right to protect inventions.
Answer option B is incorrect. A cookie is a small bit of text that accompanies requests and pages as
they move between Web servers and browsers. It contains information that is read by a Web
application, whenever a user visits a site. Cookies are stored in the memory or hard
disk of client computers. A Web site stores information, such as user preferences and settings in a
cookie. This information helps in providing customized services to users. There is absolutely no way a
Web server can access any private information about a user or his computer through cookies, unless
a user provides the information. A Web server cannot access cookies created by other Web servers.
“http.//en.wikipedia.org/wiki/Trade_secret”


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