Professor Patty Is Very Distraught That Three Students in Her

question 12

Multiple Choice

Professor Patty is very distraught that three students in her class cannot afford to buy the 1- chapter book for the course.The book is used for two semesters,although not all students take the second semester.She finally tells the three students that she will make copies of the first 21 chapters for them,at no charge.Professor Patty makes the copies and gives each chapter to the students prior to her coverage of the relevant chapter in class.If Professor Patty is sued for copyright infringement

• A) she wins because the fair use doctrine permits use of the work for educational purposes.
• B) she wins because she is not copying the entire book but only 21 chapters of it and is not making a profit.
• C) she loses because by making and distributing the chapters, she is diminishing the value of the book on the national market.
• D) she loses because she is copying whole sections and a significant portion of the book.

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Definitions:

Physical Inventory

The process of counting all physical merchandise or stock in a store or warehouse to verify records and ensure accuracy in financial accounting.

Balance Sheet

A balance sheet is a financial statement that provides a snapshot of a company’s financial position, showing its assets, liabilities, and equity at a specific point in time.

Income Statement

A financial statement that shows a company's revenues and expenses over a particular period, resulting in a profit or loss.

Consignment Basis

A business arrangement where goods are left with a third party to sell, and the owner of the goods receives payment only when the items are sold.