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6. The patent application process tends to be and O a. inexpensive, time consuming O b. time consuming, simple O c. costly, time consuming O

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6. The patent application process tends to be and O a. inexpensive, time consuming O b. time consuming, simple O c. costly, time consuming O d. costly, quick O e. simple, enjoyable 7. The theft of commercial trade secrets may be held to be a felony. O a. True O b. False 8. Select ALL of the following that are required for information to be regarded as a trade secret: O)a. the owner of the information would lose advantage if the information were known. Ob. the owner of the information can show profits from use of the information. O)c. the information is not known by the competition. O)d. the owner of the information has taken steps to keep the information secret. De the information has been copyrighted. 9. If a trade secret becomes known by a competitor, the secret is held to be lost. O a. True O b. False 10. For a trade secret to be valid, a firm must have all employees sign an agreement to protect the secret for a minimum of two years after leaving the place of employment. O a. True O b. False

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