Mary Makes a Photocopy of a Textbook She Is Required

question 2

Multiple Choice

Mary makes a photocopy of a textbook she is required to review for a class.Which of the following is TRUE?

• A)Mary is protected by the law regarding injunctions.
• B)Mary is liable for infringement of a trademark.
• C)Mary has to provide the author of the work with royalties for making the copy.
• D)Mary is protected by the principle of fair dealing.
• E)Mary is liable for copyright infringement.

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Definitions:

Cash Flows

The total amount of money being transferred in and out of a business, serving as a measure of its financial health.

Contribution Margin

The amount that one unit contributes to profit. It is defined as price minus marginal cost.

Fixed Costs

Expenses that do not change with the level of goods or services produced by a business, such as rent, salaries, or insurance premiums.

Break-Even Quantity

The amount you need to sell to at least break even (make zero profit). The formula (assuming that you can sell all you want at price and with constant marginal cost) is Q = F/(P - MC), where F is fixed costs, P is price, and MC is marginal cost.