In Metro-Goldwyn-Meyer Studios V

question 51

Multiple Choice

In Metro-Goldwyn-Meyer Studios v.Grokster,Ltd.,Grokster claimed a fair use exception to the copyright infringement claim because their process was such that it was impossible for Grokster to know if the users of their device were infringing or not:

• A) the Supreme Court agreed that since Grokster could not have known whether infringement was occurring or not, that Grokster could not have been held liable either directly, indirectly or vicariously.
• B) the device provided by Grokster to its customers was capable of substantial non-infringing uses so the fair use exception articulated in the Sony case was met.
• C) Grokster was denied the fair use exception because the majority of their business model was dedicated to appealing to former Napster customers and the model showed intent to infringe on copyrights.
• D) Grokster was allowed to use the fair use exception because all of the music their device was designed to copy was already in the public domain and therefore not protected

Understand the concept and significance of the harvest stage in a business’s lifecycle.

Analyze the importance of personality characteristics and commitment in successful entrepreneurship.

Understand the concept of locus of control and its importance in entrepreneurship.

Compare and contrast the roles and characteristics of entrepreneurs and small business managers.

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Definitions:

Racketeer Influenced and Corrupt Organizations Act

A U.S. federal law aimed at combating organized crime by allowing extended penalties for criminal acts performed as part of an ongoing criminal organization.

Predicate Offenses

Specific crimes that provide the grounds for charging someone with more serious offenses, such as racketeering or money laundering.

1933 Act

Officially known as the Securities Act of 1933, it is a U.S. federal law that requires issuers of securities to provide financial and other significant information to investors prior to issuing securities to the public.

Criminal Violation

A breach of laws established at a municipal, state, or federal level that may result in prosecution and punishment.