Information is only considered a trade secret if the company takes steps to protect it.*1 pointTrueFalse

Answer: True

A trade secret is defined as information that is not generally known to the public and provides a business advantage over competitors who do not know or use it. For information to be legally considered a trade secret, the company must take reasonable measures to maintain its secrecy. These measures may include implementing confidentiality agreements, restricting access to the information, and using security protocols to protect sensitive data. If a company does not take steps to protect its information, it may lose its status as a trade secret. Thus, the statement is accurate: information is only considered a trade secret if the company takes steps to protect it.