Mike Copies Nora's Book, One for the Money, to a Substantial

question 21

Multiple Choice

Mike copies Nora's book, One for the Money, to a substantial degree and sells it to Peak Editions, Inc., without Nora's permission. Peak publishes it under Mike's name. This is

• A) copyright infringement.
• B) patent infringement.
• C) trademark infringement.
• D) none of the choices.

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Definitions:

External Financing

Funds a company obtains from outside sources, like bank loans or selling shares, to finance its operations.

Pro Forma Statements

Financial statements that project a company's financial performance based on hypothetical scenarios or future projections.

Percentage of Sales Approach

A financial forecasting method where various financial statement items are predicted as a percentage of sales.

Retained earnings

Earnings accumulated by a company up to the present moment, subtracting any dividends or payouts made to investors.