Jason and Stacey Go to the Movie Theater and Decide

question 19

Multiple Choice

Jason and Stacey go to the movie theater and decide to use a camcorder to film the show so they can watch it again with their friends later at home.They have:

• A) made an ethical, legal, wise economic decision since the cost of viewing the movie in the theater again is too high for their limited budget.
• B) violated the Family Entertainment and Copyright Act, and committed a criminal offense.
• C) violated the No Electronic Theft Act.
• D) committed an ethical but illegal act by violating the Digital Millennium Copyright Act.

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Definitions:

Debit Entry

An accounting entry that results in either an increase in assets or expenses, or a decrease in liabilities or equity, on a company's balance sheet.

Account

A record in financial accounting that tracks the financial transactions related to a specific asset, liability, equity, revenue, or expense.

Credits

Accounting entries that increase liabilities or equity or decrease assets or expenses.

Account Balances

The amounts in financial accounts, representing the net value at a particular point in time after accounting for all debits and credits.