Carlos Has Written a Novel

question 32

Multiple Choice

Carlos has written a novel.He wants to protect his intellectual property with a copyright.What must he do first?

• A)He must apply to the U.S.Copyright Office for a copyright.
• B)He must produce a certificate that he is the original author.
• C)He must put the novel in some tangible form,like a hard copy or a compact disc.
• D)He must certify that his story is original and novel.

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Definitions:

Operating Assets

Assets used by a business in its day-to-day operations to generate revenue, such as machinery, buildings, and inventory.

Return On Investment

A measure used to evaluate the efficiency of an investment or compare the efficiencies of several different investments, calculated as net profit divided by the cost of the investment.

Return On Investment Ratio

A financial metric used to evaluate the efficiency of an investment, calculated by dividing the net profit by the original capital cost of the investment.

Judgmental Factors

Elements that require personal assessment and decision-making in the valuation of assets, determination of liabilities, or other financial reporting activities.