The World Intellectual Property Organization Requires That E-Businesses Comply with the Laws

question 43

Multiple Choice

The World Intellectual Property Organization requires that e-businesses comply with the laws of ________.

• A)the United Nations
• B)the European Union and the United States
• C)every country in which they do business
• D)the country in which they are based

---

Definitions:

Spending Variance

The difference between the actual amount spent and the budgeted amount for a particular accounting period.

Net Operating Income

The revenue earned from normal business operations after deducting operating expenses but before interest and taxes.

Activity Variance

The difference between the planned activity level of cost-driving activities and the actual level incurred, impacting the budget or costing analysis.

Materials

Items or substances used in the production or manufacturing of goods.