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Single Answer
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What term best describes intangible assets created by staff members of a company like designs and concepts?

Answer Options

A

Trade secrets

B

Sensitive data

C

Intellectual property

D

Trademarks

Correct Answer: C

Explanation

Intellectual property is intangible creations by the human mind. Patents, copyrights, trademarks, and trade secrets are all examples of intellectual property. Intellectual property is not necessarily sensitive data, but it could be.