Yasmin Has Recorded a Pop Song That's Sure to Be

question 32

Multiple Choice

Yasmin has recorded a pop song that's sure to be a hit.Her backers agree and think individuals in her country-largely impoverished, and still recovering from a brutal civil war-will play her song for years to come.She dreams of having her song become an international hit.To this end, Yasmin and her backers apply for a copyright with the country's government.She and her producers soon learn, however, that performers in nearby cities have directly copied her song and sold it as their own work.She responds by calling upon authorities to enforce her copyright, but they do nothing, and her dream of success quickly slips out of reach.What is the problem here?

• A) free riding by other musicians
• B) The country's government has failed to enforce Yasmin's claim of ownership over her work.
• C) Her song is not a public good, and, as such, protection of her claim of ownership claim is of a low priority for the country's government.
• D) A lack of democracy in her country, given that democratic governments are always more efficient and effective, and enforce claims of ownership

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Definitions:

Useful Life

The estimated period over which a fixed asset is expected to be usable by an organization.

Accumulated Depreciation

The aggregate sum of depreciation costs accounted for a fixed asset since its inception of use.

Equipment Account

A financial account that tracks the acquisition cost and depreciation of a company's equipment.

Ordinary Repairs

Routine maintenance and repair costs that are expensed in the period incurred to keep an asset in its normal operating condition.