If a Major Company Buys One Subscription to a Journal

question 46

Multiple Choice

If a major company buys one subscription to a journal for all of its employees to copy and share,the company:

• A)is not liable for anything under the fair use doctrine.
• B)is liable for infringement.
• C)is not liable for infringement, but is liable for a trade secret violation.
• D)is not liable because this is clearly an educational use.

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Definitions:

Subtotals

Intermediate totals calculated by adding up a group of numbers, often used to make data analysis easier within financial documents or spreadsheets.

Accumulated Depreciation

The cumulative depreciation of an asset up to a single point in time, representing the decrease in its value due to wear and tear.

Balance Sheet

A financial statement that summarizes a company's assets, liabilities, and shareholders' equity at a specific point in time, providing insights into its financial position.

Rent Expense

The cost incurred from leasing a property or equipment for business operations, recognized as an expense on the income statement.