Winston Purchased a Word Processing Software Package for His Business

question 4

Multiple Choice

Winston purchased a word processing software package for his business. Which of the following statements is true?

• A)As owner of the software, Winston has the right to make as many copies as he wishes without worrying about copyright infringement.
• B)Winston has purchased a licence to use the software and may copy it onto his hard drive and make a reasonable number of back-up copies.
• C)Winston has purchased a licence of the software and may copy it onto his hard dive, making a reasonable number of back-up copies provided they are for his own use and the copying has been authorized by the author of the program.
• D)Winston has the right to copy the software onto his hard dive but not to make any back-up copies as the original software package purchased acts as a back-up copy.
• E)Winston has the right to make six back-up copies.

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Definitions:

Yield To Maturity

Yield to maturity is the total return anticipated on a bond if the bond is held until the end of its lifetime.

Coupon Rate

The interest rate stated on a bond or other fixed-income security, representing the annual interest payment divided by the bond's face value.

Market Price

The real-time price for buying or selling an asset or service.

Face Value

The nominal or dollar value printed on a security or currency, indicating its legal worth.