If Intellectual Property Rights Become Better Secured, Then

question 27

Multiple Choice

If intellectual property rights become better secured, then:

• A)the costs of R&D are greater.
• B)the costs of R&D are smaller.
• C)the private returns to R&D are greater.
• D)the private returns to R&D are smaller.

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Definitions:

Public Company Accounting Oversight Board

An independent oversight body established by Congress to oversee the audits of public companies in order to protect investors and the public interest by promoting informative, fair, and independent audit reports.

Scienter

Knowledge of wrongdoing or fraudulent intent, often a necessary element to prove in securities fraud cases.

Negligent

Failing to exercise the care that a reasonably prudent person would exercise in similar circumstances, often leading to harm or injury.

Working Papers

Documents that record the audit processes, evidence, and findings, used by auditors to support their analysis and conclusions.