Intellectual Property Rights in Some Countries Are Not Protected Because

question 64

Multiple Choice

Intellectual property rights in some countries are not protected because:

• A) some countries actually encourage their citizens to violate the property rights of foreigners because it is economically advantageous to do so.
• B) some countries that have intellectual property laws fail to enforce them.
• C) some countries enforce their intellectual property laws in a discriminatory fashion.
• D) all of these are correct.

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Definitions:

Labor Rate Variance

The difference between the actual cost of direct labor and the expected (or standard) cost, based on the standard hours worked and standard labor rate.

Variable Overhead Rate Variance

The difference between the actual variable overhead incurred and the expected variable overhead based on standard cost.

Materials Price Variance

The difference between the actual cost of raw materials and the standard or expected cost, multiplied by the quantity of materials purchased.

Variable Overhead Rate Variance

The difference between the actual variable overhead incurred and the expected (or budgeted) variable overhead based on a standard rate.