Cynthia Hates Writing Term Papers and Reports, So When She

question 71

Multiple Choice

Cynthia hates writing term papers and reports, so when she receives an assignment to write a paper for her law class, she calls her friend Stephanie and agrees to pay Stephanie to write the paper for her. Stephanie, instead of writing the paper, copies a paper from a small, remote law journal that publishes faculty-written papers from throughout the world online. When the plagiarism is discovered, an infringement claim is brought. Cynthia is guilty of:

• A) nothing because Stephanie, not Cynthia, infringed on the author's/publisher's copyright.
• B) vicarious infringement.
• C) indirect, or contributory, infringement.
• D) nothing because once a work is published online, the fair use doctrine permits unlimited use of the work without attribution.

Grasp the basics of profit calculation and the role of costs in economic decisions.

Comprehend the nature of payments for different factors of production.

Recognize the scarcity and characteristics of natural resources.

Understand the economic concept of "no free lunch" and opportunity cost.

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Definitions:

Net Income

The net income of a business once all costs and taxes are deducted from the overall revenue.

Goodwill

An intangible asset that arises when a business is purchased for more than the fair value of its net identifiable assets.

Rate of Return

A measure of the profitability of an investment expressed as a percentage of the original investment.

Patent Application Costs

Expenses incurred during the process of applying for a patent, including legal, filing, and administrative fees to protect intellectual property.