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Sid Maxwell is the head of legal affairs at Hudson Inc., an American toy manufacturer. Hudson's signature toy, the Witty Parakeet, includes an embedded software program that allows the bird to interact with children. Hudson is currently planning to expand its market in Asia but Sid is concerned about reports of software piracy in the region. The software program embedded in Hudson's signature toy, the Witty Parakeet, is an example of a(n) ________. Select one: a. tangible asset

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sandlee09

Answer:

B.  trade secret

Explanation:

Based on the scenario being described within the question it can be said that this software program is an example of a trade secret. This refers to a type of any practice or process that a company has developed and is not known outside of that company, this therefore gives them a competitive advantage in the market. Since Hudson is concerned with software piracy it means that no one else knows how to reproduce the software, thus making it a trade secret.

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