Which of the Following Is True with Respect to the Application

question 117

Multiple Choice

Which of the following is true with respect to the application of intellectual property law to the Internet?

• A) Copyright law provides the owner of electronic material with the legal right to prevent unauthorized copying, but does not give the owner any exclusive rights to rent it or otherwise control its use.
• B) Because of the "wild west" nature of the Internet, web sites have typically been exempt from traditional trademark and copyright laws.
• C) In Canada, the design of an integrated circuit embodied in a computer chip is protected by a specific statute created for that purpose.
• D) If a user accesses a web site on which a trademark appears, an actionable infringement has taken place.
• E) The Napster trial and other high-profile cases have shown the courts remain powerless to stop abuse of intellectual property rights on the Internet.

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Definitions:

Net Income

Net Income is the total earnings computed as revenues minus expenses, taxes, and the cost of goods sold, indicating a company's profitability over a specified period.

Acid-Test Ratio

A liquidity ratio that measures a company's ability to pay off its current liabilities with quick assets (cash, marketable securities, and receivables).

Accounts Receivable

Money owed to a company by its customers for products or services that have been delivered but not yet paid for.

Inventory

The total amount of goods and materials held by a company for the purpose of resale or production.