Split knowledge involves encryption keys being separated into two components, each of which does not reveal the other. Split knowledge is the other complementary access control principle to dual control.
In cryptographic terms, one could say dual control and split knowledge are properly implemented if no one person has access to or knowledge of the content of the complete cryptographic key being protected by the two rocesses.
The sound implementation of dual control and split knowledge in a cryptographic environment necessarily means that the quickest way to break the key would be through the best attack known for the algorithm of that key. The principles of dual control and split knowledge primarily apply to access to plaintext keys.
Access to cryptographic keys used for encrypting and decrypting data or access to keys that are encrypted under a master key (which may or may not be maintained under dual control and split knowledge) do not require dual control and split knowledge. Dual control and split knowledge can be summed up as the determination of any part of a key being protected must require the collusion between two or more persons with each supplying unique cryptographic materials that must be joined together to access the protected key.
Any feasible method to violate the axiom means that the principles of dual control and split knowledge are not being upheld.
Split knowledge is the unique "what each must bring" and joined together when implementing dual control. To illustrate, a box containing petty cash is secured by one combination lock and one keyed lock. One employee is given the combination to the combo lock and another employee has possession of the correct key to the keyed lock.
In order to get the cash out of the box both employees must be present at the cash box at the same time. One cannot open the box without the other. This is the aspect of dual control.
On the other hand, split knowledge is exemplified here by the different objects (the combination to the combo lock and the correct physical key), both of which are unique and necessary, that each brings to the meeting. Split knowledge focuses on the uniqueness of separate objects that must be joined together.
Dual control has to do with forcing the collusion of at least two or more persons to combine their split knowledge to gain access to an asset. Both split knowledge and dual control complement each other and are necessary functions that implement the segregation of duties in high integrity cryptographic environments.
The following are incorrect answers:
Dual control is a procedure that uses two or more entities (usually persons) operating in concert to protect a system resource, such that no single entity acting alone can access that resource. Dual control is implemented as a security procedure that requires two or more persons to come together and collude to complete a process. In a cryptographic system the two (or more) persons would each supply a unique key, that when taken together, performs a cryptographic process. Split knowledge is the other complementary access control principle to dual control.
Separation of duties - The practice of dividing the steps in a system function among different individuals, so as to keep a single individual from subverting the process.
The need-to-know principle requires a user having necessity for access to, knowledge of, or possession of specific information required to perform official tasks or services.
Reference(s) used for this question:
Schneiter, Andrew (2013-04-15). Official (ISC)2 Guide to the CISSP CBK, Third Edition :
Cryptography (Kindle Locations 1621-1635). . Kindle Edition.
and
Schneiter, Andrew (2013-04-15). Official (ISC)2 Guide to the CISSP CBK, Third Edition :
Cryptography (Kindle Locations 1643-1650). . Kindle Edition.
and
Shon Harris, CISSP All In One (AIO), 6th Edition , page 126

For answer "a trademark" is a distinctive mark of authenticity,
through which the products of particular manufacturers or the
vendible commodities of particular merchants may be distinguished
from those of others.
Answer "a trade name" is any designation
which is adopted and used by a person to denominate goods which
he markets, or services which he renders or business which he
conducts. A trade name is descriptive of a manufacturer or dealer
and applies to business and goodwill. A trademark is applicable
only to vendible commodities.
In answer "a copyright "is an
intangible, incorporeal right granted by statute to the author or
originator of certain literary or artistic productions, whereby he is
invested, for a statutorily prescribed period, with the sole and
exclusive privilege of multiplying copies of the same and publishing
and selling them. (These definitions were also taken from Blacks
Law Dictionary, Abridged Fifth Edition, West Publishing Company,
St. Paul Minnesota , 1983.)

Section: Software Development Security

The security role filled by the head of the IT department is the system custodian. A system custodian is a person who is responsible for the technical implementation and maintenance of the security controls and procedures for a system or a network, as delegated by the system owner or the senior management. A system custodian performs tasks such as installing, configuring, updating, testing, monitoring, and troubleshooting the system or the network, and ensuring its compliance with the security policies and standards. A system custodian also reports and escalates any security incidents or issues to the system owner or the senior management.