James Owns a Software Development Company

question 11

Multiple Choice

James owns a software development company.He toils day-in and day-out to develop new ideas.For James,the laws of intellectual property are useful because

• A)the ideas James develops may be easily reproduced and thus have natural scarcity of their own.
• B)this legal regime provides him with no incentive to create new ideas.
• C)information is not non-rivalrous.
• D)by rendering the supply of information inlimited a market for James's ideas is created.
• E)Because ideas are not naturally scarce and because they are non-rivalrous intellectual property laws create an artificial scarcity and thus an economic market for ideas.

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Definitions:

Employee Attraction

The strategies and efforts employed by organizations to appeal to potential employees and encourage them to apply for vacancies.

Reward Strategy

The design, implementation, and maintenance of a system that values and recognizes employees' contributions towards organizational goals, through both financial and non-financial rewards.

Compensation Level Strategy

An approach to determining the appropriate amount and structure of pay for employees, taking into account factors such as market rates, job role, and individual performance.

Intrinsic Rewards

The personal satisfaction or enjoyment that an individual derives from achieving a task or learning new skills, independent of any external rewards.