Chap 24 Smart book LSTD 2106 Question and answers already passed
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Course
LSTD 2106
Institution
LSTD 2106
Chap 24 Smart book LSTD 2106 Question and answers already passed
True or false: All types of trade secrets are protected by either patent or copyright laws. - correct answer False
Reason:
Many types of trade secrets may not be protected by such laws.
Information or articles that are to b...
Chap 24 Smart book LSTD 2106
Question and answers already passed
True or false: All types of trade secrets are protected by either patent or
copyright laws. - correct answer ✔False
Reason:
Many types of trade secrets may not be protected by such laws.
Information or articles that are to be kept secret because of their particular
value are _ _. - correct answer ✔trade secrets
The use of a trade secret by one who knows or has reason to know that the
secret was acquired by improper means is _ - correct answer
✔misappropriation.
The discovery of protected information through independent research is: -
correct answer ✔not misappropriation.
How is trade secret protection different from other forms of intellectual
property? - correct answer ✔It requires no formal registration.
What are the factors which courts use to analyze whether a business's
information constitutes a trade secret? - correct answer ✔-The extent to
which the information is known outside the business of the claimant (the firm
claiming that the information is a trade secret).
-Measures taken by the claimant to guard the confidentiality of the
information.
-The value of the information to competitors.
, -The amount invested (in terms of time and money) in developing the
information.
-The efforts taken to maintain trade secret confidentiality among the claimant's
employees, potential investors, and third-party vendors (such as auditing
firms).
Which of the following provides the definition for a trade secret? - correct
answer ✔Uniform Trade Secret Act
To prevent the loss of trade secret protection an owner must take _ steps to
keep the information secret. - correct answer ✔reasonable
Most state statutes define misappropriation as the term is defined in the: -
correct answer ✔UTSA.
Service marks are typically associated with: (Check all that apply)
Accommodations
Transportation
Products
Environments - correct answer ✔Accommodations
Transportation
True or false: Reverse engineering of a product constitutes misappropriation
of a trade secret. - correct answer ✔False
Protection for a product's shape or the color of its packaging is called: -
correct answer ✔trade dress
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