Fact Pattern 11-2 Professor Peter Enjoys Using a Small Manual Containing Information on Containing

question 57

Multiple Choice

Fact Pattern 11-2
Professor Peter enjoys using a small manual containing information on employment laws in his business law class. The manual costs $100 and is published by We Publish book publishers. Because Professor Peter wants to save his students some money, he copies the manual and has ABC Copy Store make copies for students. Students are required to purchase the copies directly from the copy store. Professor Prudence, who dislikes Peter because she believes he blocked her tenure application, hears about the deal and notifies the publishing company. The publishing company demands that the process be stopped and prepares to seek damages.
-Refer to Fact Pattern 11-2.Can Professor Peter be found guilty of copyright infringement?

• A) No, he was engaged in fair use because of his involvement in education.
• B) No, because he did not do the actual copying.
• C) No, because he did not make a profit.
• D) It is likely that he would be found guilty of copyright infringement particularly since he arranged for copying of the entire manual, not limited sections.

Analyze financial performance and health through cash flow ratios and turnover metrics.

Understand the differences between segment disclosures required by IFRS and GAAP.

Utilize and interpret cash flow ratios and turnover metrics to gauge company’s operational efficiency.

Understand PCAOB and FASB standards and their roles in financial reporting.

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Definitions:

BATNA

Best Alternative to a Negotiated Agreement; the best option one has if current negotiations fail.

Fixed-Pie Bias

The misconception in negotiations that the 'pie' or total available benefit is fixed, leading to competitive rather than cooperative strategies.

Conflicts of Interest

Situations where an individual's or organization's private interests conflict with their professional duties or responsibilities, leading to potential bias or unethical decisions.

Intraorganizational Bargaining

The negotiating process within an organization aimed at resolving differences or aligning strategies between various stakeholders, such as management teams, departments, or divisions.