Which of the Following Best Summarizes Why the Protection of Intellectual

question 23

Multiple Choice

Which of the following best summarizes why the protection of intellectual property rights (patents and copyrights) is a complex foreign policy issue?

• A) China is the primary violator of intellectual property protections through its piracy of movies, software, and drugs, but the United States has to maintain a close relationship with China because we depend on that country for loans.
• B) Too many countries are producing generic drug substitutes of pharmaceutical products with American patents poorly, so the drugs are dangerous to the populations of those countries.
• C) While most Americans believe movie and music piracy should be stopped, many believe companies should provide life-saving drugs at low prices or allow poor countries to produce generic substitutes.
• D) Americans believe that piracy in any form is wrong, since it affects the American economy, but other countries have no qualms about pirating music, movies, and generic drugs that are protected in the United States.
• E) Poor countries producing generic drug substitutes could easily obtain the drugs through global firms that have lowered prices on a range of drugs to make them readily available, but these countries want to acquire the profits and so it is difficult to stop the infringement.

Distinguish between fiat currencies and cryptocurrencies.

Understand the role and mechanism of currency exchange in international trade.

Grasp the concept of floating and managed exchange rates.

Recognize the effects of economic policies and market movements on currency value.

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Definitions:

Investment Center

An investment center is a business unit within an organization that is responsible for its own revenue, expenses, and investments, and its performance is assessed based on return on investment.

Performance Report

A document that compares actual operational or financial results to planned or budgeted results.

Cost Center

A department or unit within an organization that does not directly add to profit but still incurs costs.

Departmental Contribution To Overhead

The amount of money that each department contributes towards covering the company's indirect costs or overheads.