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Professional Ethics in Computing (COMP3056 UNNC) (AUC1 25-26) Quiz 4: Intellectual Property

Single choice

Daisy Credit Ltd. has a successful formula for selecting good candidates to invite to take a loan with them. The company wants the formula to be their trade secret. What is the best policy to keep it secret?

Options
A.a. Do nothing since it is already protected by patent law already.
B.b. Trademark the formula; this costs less.
C.c. Have all employees with access to the formula sign a non-disclosure agreement.
D.d. Apply for a patent for the formula.
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The prompt presents a question about keeping a company's loan qualification formula secret and asks you to choose the best policy to maintain secrecy. Option a: 'Do nothing since it is already protected by patent law already.' This is inaccurate because a formula for selecting candidates is typically not patent-protectable in a way that prevents disclosure within the firm, and patent protection is not automatically gran......Login to view full explanation

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