What Is the Major Reason Why the Internet Has Such

question 60

Multiple Choice

What is the major reason why the Internet has such potential for destroying traditional conceptions and implementations of intellectual property law?

• A) the ability to make perfect copies of digital works at little cost
• B) the anonymous nature of the Internet
• C) the support for instant peer-to-peer communication
• D) the use of standards for file formats

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Definitions:

Realizable Value

An estimate of the amount for which an asset can be sold or a liability settled under current market conditions.

Expense Recognition

An accounting principle that dictates the timing of reporting an expense in the financial statements.

Dishonors

Refers to the failure to accept or pay a bill of exchange or promissory note when due.

Dishonored Note

A promissory note that has not been paid by the maker at maturity.