What Is It Called When an Indigenous Community's Local Biodiversity

question 34

Multiple Choice

What is it called when an indigenous community's local biodiversity is taken by a company and patented (and sold as, for example, a drug or food additive) at great profit with no monies flowing back to the community?

• A) Biocultural exploitation.
• B) Biopiracy.
• C) Bioterrorism.
• D) Cultural erosion.

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Definitions:

Joint Venture

A business arrangement where two or more parties agree to pool their resources for the purpose of accomplishing a specific task. This task can be a new project or any other business activity, with all parties sharing the profits, losses, and control of the business.

Mushroom Farm

A specialized agricultural operation focused on cultivating mushrooms under controlled conditions for culinary, medicinal, or commercial purposes.

Acquisition

The process of one company purchasing most or all of another company's shares to gain control of that company.

Assumes Obligations

The act of taking on responsibilities, duties, or commitments, often legally or contractually.