Secret information does not necessarily have to be specifically identifiable in order to be considered a trade secret. Trade secrets can encompass a range of confidential information such as formulas, practices, processes, designs, instruments, patterns, or compilations of information that are not readily ascertainable by others and provide a competitive advantage. The other options are generally true regarding trade secrets as protecting narrowly defined secrets, avoiding publicly accessible information, and effectively protecting the secret information are all important aspects in maintaining the confidentiality and value of a trade secret.